BINANCE COIN - BNB/USDT - 1H - Technical analysis published on 12/06/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 15.09 USDT
My targets
15.62 USDT (+0.97%)
15.78 USDT (+2.00%)
My analysis
A bullish trend on BINANCE COIN - BNB/USDT both in substance and in the short term. A purchase could be considered as long as the price remains above 15.09 USDT. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 15.62 USDT. Then the price could move towards 15.78 USDT. Then 16.16 USDT by extension. Be careful, a return below 15.09 USDT would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
4.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BINANCE COIN - BNB/USDT rating 15.47 USDT. On the day, this instrument lost -1.47% and was between 15.24 USDT and 15.78 USDT. This implies that the price is at +1.51% from its lowest and at -1.96% from its highest.15.24
15.78
15.47
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of BINANCE COIN - BNB/USDT in 1H shows an overall bullish trend. The signals given by moving averages are 75% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
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:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.90 | 15.09 | 15.38 | 15.47 | 15.62 | 15.78 | 16.16 |
| Change (%) | -3.68% | -2.46% | -0.58% | - | +0.97% | +2.00% | +4.46% |
| Change | -0.57 | -0.38 | -0.09 | - | +0.15 | +0.31 | +0.69 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.05 | 14.41 | 15.05 | 15.41 | 16.05 | 16.41 | 17.05 |
| Camarilla | 15.43 | 15.52 | 15.61 | 15.70 | 15.79 | 15.88 | 15.98 |
| Woodie | 14.20 | 14.48 | 15.20 | 15.48 | 16.20 | 16.48 | 17.20 |
| Fibonacci | 14.41 | 14.79 | 15.03 | 15.41 | 15.79 | 16.03 | 16.41 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.62 | 12.73 | 14.26 | 15.37 | 16.90 | 18.01 | 19.54 |
| Camarilla | 15.05 | 15.30 | 15.54 | 15.78 | 16.02 | 16.26 | 16.51 |
| Woodie | 11.82 | 12.84 | 14.46 | 15.48 | 17.10 | 18.12 | 19.74 |
| Fibonacci | 12.73 | 13.74 | 14.37 | 15.37 | 16.38 | 17.01 | 18.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.58 | 9.21 | 12.50 | 17.13 | 20.42 | 25.05 | 28.34 |
| Camarilla | 13.60 | 14.33 | 15.05 | 15.78 | 16.51 | 17.23 | 17.96 |
| Woodie | 3.90 | 8.88 | 11.82 | 16.80 | 19.74 | 24.72 | 27.66 |
| Fibonacci | 9.21 | 12.24 | 14.11 | 17.13 | 20.16 | 22.03 | 25.05 |
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): | 50.92 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -0.27 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 15.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.61 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 14.95 | |
| Zig ZAG (10): | 15.45 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 56.81 | |
| TEMA (21): | 15.44 | |
| Williams %R (14): | -35.00 | |
| Chande Momentum Oscillator (20): | 0.01 | |
| Repulse (5,40,3): | 0.3100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.52 |
| MA7: | 15.40 | |
| MA20: | 16.28 | |
| MA50: | 18.30 | |
| MA100: | 18.67 | |
| MAexp7: | 15.44 | |
| MAexp20: | 15.45 | |
| MAexp50: | 15.41 | |
| MAexp100: | 15.38 | |
| Price / MA7: | +0.45% | |
| Price / MA20: | -4.98% | |
| Price / MA50: | -15.46% | |
| Price / MA100: | -17.14% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.39% | |
| Price / MAexp100: | +0.59% |
This member declared not having a position on this financial instrument or a related financial instrument.
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