BINANCE COIN - BNB/USDT - Daily - Technical analysis published on 05/15/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 517.45 USDT
My targets
610.55 USDT (+4.98%)
676.15 USDT (+16.25%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 517.45 USDT remains possible. It is advisable to trade BINANCE COIN - BNB/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 517.45 USDT. The next bullish objective for buyers is set at 610.55 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 676.15 USDT. PS: if there is a bearish break in the support located at 517.45 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.7
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This analysis was given by Keums91. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BINANCE COIN - BNB/USDT price is 581.61 USDT. The price is lower by -3.48% since the last closing and was between 560.54 USDT and 610.65 USDT. This implies that the price is at +3.76% from its lowest and at -4.76% from its highest.560.54
610.65
581.61
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this BINANCE COIN - BNB/USDT chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 133.12 | 325.52 | 481.31 | 581.61 | 610.55 | 676.15 |
| Change (%) | -77.11% | -44.03% | -17.25% | - | +4.98% | +16.25% |
| Change | -448.49 | -256.09 | -100.30 | - | +28.94 | +94.54 |
| Level | Minor | Major | Minor | - | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 534.42 | 552.91 | 577.75 | 596.24 | 621.08 | 639.57 | 664.41 |
| Camarilla | 590.66 | 594.64 | 598.61 | 602.58 | 606.55 | 610.52 | 614.50 |
| Woodie | 537.59 | 554.50 | 580.92 | 597.83 | 624.25 | 641.16 | 667.58 |
| Fibonacci | 552.91 | 569.47 | 579.69 | 596.24 | 612.80 | 623.02 | 639.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 517.89 | 557.04 | 601.65 | 640.80 | 685.41 | 724.56 | 769.17 |
| Camarilla | 623.22 | 630.89 | 638.57 | 646.25 | 653.93 | 661.61 | 669.28 |
| Woodie | 520.61 | 558.41 | 604.37 | 642.17 | 688.13 | 725.93 | 771.89 |
| Fibonacci | 557.04 | 589.04 | 608.81 | 640.80 | 672.80 | 692.57 | 724.56 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 82.28 | 192.32 | 407.41 | 517.45 | 732.54 | 842.58 | 1,057.67 |
| Camarilla | 533.09 | 562.89 | 592.70 | 622.50 | 652.30 | 682.11 | 711.91 |
| Woodie | 134.81 | 218.58 | 459.94 | 543.71 | 785.07 | 868.84 | 1,110.20 |
| Fibonacci | 192.32 | 316.52 | 393.25 | 517.45 | 641.65 | 718.38 | 842.58 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 49.69 | |
| MACD (12,26,9): | 26.1500 | |
| Directional Movement: | -4.05 | |
| AROON (14): | -21.42 | |
| DEMA (21): | 642.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 678.96 | |
| Elder Ray (13): | -24.12 | |
| Super Trend (3,10): | 511.20 | |
| Zig ZAG (10): | 579.30 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 29.33 | |
| TEMA (21): | 620.31 | |
| Williams %R (14): | -73.93 | |
| Chande Momentum Oscillator (20): | -96.85 | |
| Repulse (5,40,3): | -7.1000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 1.0900 | |
| Courbe Coppock: | 7.49 |
| MA7: | 617.86 | |
| MA20: | 614.85 | |
| MA50: | 509.85 | |
| MA100: | 363.26 | |
| MAexp7: | 606.35 | |
| MAexp20: | 598.82 | |
| MAexp50: | 515.35 | |
| MAexp100: | 398.97 | |
| Price / MA7: | -5.87% | |
| Price / MA20: | -5.41% | |
| Price / MA50: | +14.07% | |
| Price / MA100: | +60.11% | |
| Price / MAexp7: | -4.08% | |
| Price / MAexp20: | -2.87% | |
| Price / MAexp50: | +12.86% | |
| Price / MAexp100: | +45.78% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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