BINANCE COIN - BNB/USD - 1H - Technical analysis published on 06/28/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 15.54 USD
My targets
14.44 USD (-3.95%)
13.75 USD (-8.50%)
My analysis
BINANCE COIN - BNB/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 15.54 USD. The next support located at 14.44 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 13.75 USD. Below this support, sellers could then target 12.65 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
7.1
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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 rating is 15.03 USD. On the day, this instrument lost -0.60% with the lowest point at 15.03 USD and the highest point at 15.11 USD. The deviation from the price is 0% for the low point and -0.53% for the high point.15.03
15.11
15.03
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BINANCE COIN - BNB/USD:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BINANCE COIN - BNB/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 15.03 | 15.54 | 15.89 | 16.31 |
| Change (%) | - | +3.39% | +5.72% | +8.52% |
| Change | - | +0.51 | +0.86 | +1.28 |
| Level | - | Intermediate | Major | Intermediate |
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 | 13.75 | 14.31 | 14.71 | 15.27 | 15.67 | 16.23 | 16.63 |
| Camarilla | 14.86 | 14.94 | 15.03 | 15.12 | 15.21 | 15.30 | 15.38 |
| Woodie | 13.68 | 14.27 | 14.64 | 15.23 | 15.60 | 16.19 | 16.56 |
| Fibonacci | 14.31 | 14.67 | 14.90 | 15.27 | 15.63 | 15.86 | 16.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.65 | 13.75 | 14.44 | 15.54 | 16.23 | 17.33 | 18.02 |
| Camarilla | 14.63 | 14.79 | 14.96 | 15.12 | 15.28 | 15.45 | 15.61 |
| Woodie | 12.44 | 13.65 | 14.23 | 15.44 | 16.02 | 17.23 | 17.81 |
| Fibonacci | 13.75 | 14.44 | 14.86 | 15.54 | 16.23 | 16.65 | 17.33 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 31.26 | |
| MACD (12,26,9): | -0.1800 | |
| Directional Movement: | -30.38 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 15.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.53 | |
| Elder Ray (13): | -0.22 | |
| Super Trend (3,10): | 15.42 | |
| Zig ZAG (10): | 15.06 | |
| VORTEX (21): | 0.6700 | |
| Stochastique (14,3,5): | 25.13 | |
| TEMA (21): | 15.08 | |
| Williams %R (14): | -76.74 | |
| Chande Momentum Oscillator (20): | -0.59 | |
| Repulse (5,40,3): | -0.6700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 7.32 |
| MA7: | 15.85 | |
| MA20: | 16.33 | |
| MA50: | 16.54 | |
| MA100: | 17.14 | |
| MAexp7: | 15.17 | |
| MAexp20: | 15.40 | |
| MAexp50: | 15.62 | |
| MAexp100: | 15.80 | |
| Price / MA7: | -5.17% | |
| Price / MA20: | -7.96% | |
| Price / MA50: | -9.13% | |
| Price / MA100: | -12.31% | |
| Price / MAexp7: | -0.92% | |
| Price / MAexp20: | -2.40% | |
| Price / MAexp50: | -3.78% | |
| Price / MAexp100: | -4.87% |
Quotes :
2020-06-28 00:24:44
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Real time data
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