BINANCE COIN - BNB/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BNBUSDT
ISIN:

BINANCE COIN - BNB/USDT - Daily - Technical analysis published on 01/23/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

67%

17%

My opinion

Bearish under 424.67 USDT

My targets

333.01 USDT (-13.66%)

261.92 USDT (-32.09%)

My analysis

The bearish trend is currently very strong for BINANCE COIN - BNB/USDT. As long as the price remains below the resistance at 424.67 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 333.01 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 261.92 USDT as an objective. Crossing it would then enable sellers to target 26.41 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BINANCE COIN - BNB/USDT price is 385.70 USDT. On the day, this instrument gained +7.80% and was traded between 356.60 USDT and 385.74 USDT over the period. The price is currently at +8.16% from its lowest and -0.01% from its highest.

356.60

385.74

385.70

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by BINANCE COIN - BNB/USDT:

The Central Records scanner for higher/lower results shows the following items:

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of BINANCE COIN - BNB/USDT in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : Daily

In fact, 12 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

Support of triangle is broken

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	261.92	333.01	383.61	385.70	424.67	504.45	563.62
Change (%)	-32.09%	-13.66%	-0.54%	-	+10.10%	+30.79%	+46.13%
Change	-123.78	-52.69	-2.09	-	+38.97	+118.75	+177.92
Level	Major	Major	Minor	-	Major	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	283.54	310.89	334.35	361.70	385.16	412.51	435.97
Camarilla	343.83	348.49	353.14	357.80	362.46	367.12	371.77
Woodie	281.59	309.92	332.40	360.73	383.21	411.54	434.02
Fibonacci	310.89	330.30	342.29	361.70	381.11	393.10	412.51

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	128.18	233.21	295.51	400.54	462.84	567.87	630.17
Camarilla	311.78	327.12	342.46	357.80	373.14	388.48	403.82
Woodie	106.81	222.53	274.14	389.86	441.47	557.19	608.80
Fibonacci	233.21	297.13	336.62	400.54	464.46	503.95	567.87

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	355.60	428.86	470.23	543.49	584.86	658.12	699.49
Camarilla	480.09	490.60	501.10	511.61	522.12	532.63	543.13
Woodie	339.67	420.89	454.30	535.52	568.93	650.15	683.56
Fibonacci	428.86	472.65	499.70	543.49	587.28	614.33	658.12

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	33.05
MACD (12,26,9):	-30.8800
Directional Movement:	-31.44
AROON (14):	-42.86
DEMA (21):	415.42
Parabolic SAR (0,02-0,02-0,2):	489.44
Elder Ray (13):	-65.86
Super Trend (3,10):	462.05
Zig ZAG (10):	384.33
VORTEX (21):	0.7500
Stochastique (14,3,5):	15.45
TEMA (21):	402.71
Williams %R (14):	-72.04
Chande Momentum Oscillator (20):	-78.31
Repulse (5,40,3):	-6.5500
ROCnROLL:	2
TRIX (15,9):	-0.6400
Courbe Coppock:	17.47

MA7:	425.11
MA20:	453.99
MA50:	507.16
MA100:	536.90
MAexp7:	413.95
MAexp20:	453.22
MAexp50:	492.46
MAexp100:	500.69
Price / MA7:	-9.27%
Price / MA20:	-15.04%
Price / MA50:	-23.95%
Price / MA100:	-28.16%
Price / MAexp7:	-6.82%
Price / MAexp20:	-14.90%
Price / MAexp50:	-21.68%
Price / MAexp100:	-22.97%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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