BINANCE COIN - BNB/USD - 1H - Technical analysis published on 06/20/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
78%
6%
My opinion
Bearish under 16.11 USD
My targets
15.53 USD (-1.96%)
My analysis
The bearish trend is currently very strong for BINANCE COIN - BNB/USD. As long as the price remains below the resistance at 16.11 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 15.53 USD. The bearish momentum would be revived by a break in this support. 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.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8
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This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BINANCE COIN - BNB/USD price is 15.84 USD. The price is lower by -0.63% since the last closing with the lowest point at 15.75 USD and the highest point at 16.04 USD. The deviation from the price is +0.57% for the low point and -1.25% for the high point.15.75
16.04
15.84
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on BINANCE COIN - BNB/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this BINANCE COIN - BNB/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 15.53 | 15.84 | 15.89 | 16.11 | 16.62 |
| Change (%) | -1.96% | - | +0.32% | +1.70% | +4.92% |
| Change | -0.31 | - | +0.05 | +0.27 | +0.78 |
| Level | Minor | - | Intermediate | Intermediate | Major |
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 | 15.43 | 15.67 | 15.80 | 16.04 | 16.17 | 16.41 | 16.54 |
| Camarilla | 15.84 | 15.87 | 15.91 | 15.94 | 15.97 | 16.01 | 16.04 |
| Woodie | 15.39 | 15.64 | 15.76 | 16.01 | 16.13 | 16.38 | 16.50 |
| Fibonacci | 15.67 | 15.81 | 15.90 | 16.04 | 16.18 | 16.27 | 16.41 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.95 | 14.97 | 15.89 | 16.91 | 17.83 | 18.85 | 19.77 |
| Camarilla | 16.28 | 16.45 | 16.63 | 16.81 | 16.99 | 17.17 | 17.34 |
| Woodie | 13.90 | 14.95 | 15.84 | 16.89 | 17.78 | 18.83 | 19.72 |
| Fibonacci | 14.97 | 15.71 | 16.17 | 16.91 | 17.65 | 18.11 | 18.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.22 | 7.16 | 12.13 | 15.07 | 20.04 | 22.98 | 27.95 |
| Camarilla | 14.94 | 15.66 | 16.39 | 17.11 | 17.84 | 18.56 | 19.29 |
| Woodie | 5.25 | 7.67 | 13.16 | 15.58 | 21.07 | 23.49 | 28.98 |
| Fibonacci | 7.16 | 10.18 | 12.05 | 15.07 | 18.09 | 19.96 | 22.98 |
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): | 35.03 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | -27.54 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 15.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.02 | |
| Elder Ray (13): | -0.09 | |
| Super Trend (3,10): | 16.07 | |
| Zig ZAG (10): | 15.82 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 43.47 | |
| TEMA (21): | 15.88 | |
| Williams %R (14): | -75.00 | |
| Chande Momentum Oscillator (20): | -0.16 | |
| Repulse (5,40,3): | -0.3400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 1.11 |
| MA7: | 16.24 | |
| MA20: | 16.92 | |
| MA50: | 16.70 | |
| MA100: | 17.50 | |
| MAexp7: | 15.90 | |
| MAexp20: | 15.95 | |
| MAexp50: | 16.07 | |
| MAexp100: | 16.21 | |
| Price / MA7: | -2.46% | |
| Price / MA20: | -6.38% | |
| Price / MA50: | -5.15% | |
| Price / MA100: | -9.49% | |
| Price / MAexp7: | -0.38% | |
| Price / MAexp20: | -0.69% | |
| Price / MAexp50: | -1.43% | |
| Price / MAexp100: | -2.28% |
Quotes :
2020-06-20 15:50:52
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Real time data
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