BINANCE COIN - BNB/USDT - 1H - Technical analysis published on 05/11/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 582.77 USDT
My targets
596.94 USDT (+0.87%)
602.23 USDT (+1.76%)
My analysis
BINANCE COIN - BNB/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 582.77 USDT. The next resistance located at 596.94 USDT is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 602.23 USDT. After this resistance, buyers could then target 633.26 USDT.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.7
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This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BINANCE COIN - BNB/USDT price is 591.79 USDT. The price registered an increase of +1.06% on the session with the lowest point at 581.17 USDT and the highest point at 593.78 USDT. The deviation from the price is +1.83% for the low point and -0.34% for the high point.581.17
593.78
591.79
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of BINANCE COIN - BNB/USDT in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 574.52 | 582.77 | 589.45 | 591.79 | 596.94 | 602.23 | 633.26 |
| Change (%) | -2.92% | -1.52% | -0.40% | - | +0.87% | +1.76% | +7.01% |
| Change | -17.27 | -9.02 | -2.34 | - | +5.15 | +10.44 | +41.47 |
| Level | Major | Major | Minor | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 563.79 | 572.71 | 579.15 | 588.07 | 594.51 | 603.43 | 609.87 |
| Camarilla | 581.38 | 582.78 | 584.19 | 585.60 | 587.01 | 588.42 | 589.82 |
| Woodie | 562.56 | 572.09 | 577.92 | 587.45 | 593.28 | 602.81 | 608.64 |
| Fibonacci | 572.71 | 578.57 | 582.20 | 588.07 | 593.93 | 597.56 | 603.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 473.42 | 505.13 | 545.39 | 577.10 | 617.36 | 649.07 | 689.33 |
| Camarilla | 565.86 | 572.46 | 579.05 | 585.65 | 592.25 | 598.85 | 605.44 |
| Woodie | 477.70 | 507.27 | 549.67 | 579.24 | 621.64 | 651.21 | 693.61 |
| Fibonacci | 505.13 | 532.62 | 549.61 | 577.10 | 604.59 | 621.58 | 649.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 397.13 | 454.93 | 516.66 | 574.46 | 636.19 | 693.99 | 755.72 |
| Camarilla | 545.53 | 556.49 | 567.44 | 578.40 | 589.36 | 600.31 | 611.27 |
| Woodie | 399.11 | 455.91 | 518.64 | 575.44 | 638.17 | 694.97 | 757.70 |
| Fibonacci | 454.93 | 500.59 | 528.80 | 574.46 | 620.12 | 648.33 | 693.99 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.23 | |
| MACD (12,26,9): | 0.5100 | |
| Directional Movement: | 3.48 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 589.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 586.01 | |
| Elder Ray (13): | 1.33 | |
| Super Trend (3,10): | 594.61 | |
| Zig ZAG (10): | 590.70 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 71.89 | |
| TEMA (21): | 590.74 | |
| Williams %R (14): | -27.54 | |
| Chande Momentum Oscillator (20): | 4.18 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 1.80 |
| MA7: | 588.35 | |
| MA20: | 590.66 | |
| MA50: | 581.52 | |
| MA100: | 500.63 | |
| MAexp7: | 590.34 | |
| MAexp20: | 589.12 | |
| MAexp50: | 589.54 | |
| MAexp100: | 589.01 | |
| Price / MA7: | +0.58% | |
| Price / MA20: | +0.19% | |
| Price / MA50: | +1.77% | |
| Price / MA100: | +18.21% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | +0.45% | |
| Price / MAexp50: | +0.38% | |
| Price / MAexp100: | +0.47% |
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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