BINANCE COIN - BNB/USD - 1H - Technical analysis published on 07/07/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 15.85 USD
My targets
17.14 USD (+2.84%)
My analysis
The bullish trend is currently very strong on BINANCE COIN - BNB/USD. As long as the price remains above the support at 15.85 USD, you could try to benefit from the boom. The first bullish objective is located at 17.14 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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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
The BINANCE COIN - BNB/USD rating is 16.67 USD. On the day, this instrument gained +2.15% with the lowest point at 16.04 USD and the highest point at 16.83 USD. The deviation from the price is +3.93% for the low point and -0.95% for the high point.16.04
16.83
16.67
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BINANCE COIN - BNB/USD:
Technical
Technical analysis of this 1H chart of BINANCE COIN - BNB/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 15.48 | 15.63 | 15.85 | 16.67 |
| Change (%) | -7.14% | -6.24% | -4.92% | - |
| Change | -1.19 | -1.04 | -0.82 | - |
| Level | Intermediate | Minor | Intermediate | - |
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 | 14.89 | 15.17 | 15.75 | 16.03 | 16.61 | 16.89 | 17.47 |
| Camarilla | 16.08 | 16.16 | 16.24 | 16.32 | 16.40 | 16.48 | 16.56 |
| Woodie | 15.03 | 15.25 | 15.89 | 16.11 | 16.75 | 16.97 | 17.61 |
| Fibonacci | 15.17 | 15.50 | 15.71 | 16.03 | 16.36 | 16.57 | 16.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.87 | 14.38 | 14.96 | 15.47 | 16.05 | 16.56 | 17.14 |
| Camarilla | 15.25 | 15.35 | 15.45 | 15.55 | 15.65 | 15.75 | 15.85 |
| Woodie | 13.92 | 14.40 | 15.01 | 15.49 | 16.10 | 16.58 | 17.19 |
| Fibonacci | 14.38 | 14.79 | 15.05 | 15.47 | 15.88 | 16.14 | 16.56 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.54 | 12.70 | 14.05 | 16.21 | 17.56 | 19.72 | 21.07 |
| Camarilla | 14.44 | 14.76 | 15.08 | 15.40 | 15.72 | 16.04 | 16.37 |
| Woodie | 10.14 | 12.50 | 13.65 | 16.01 | 17.16 | 19.52 | 20.67 |
| Fibonacci | 12.70 | 14.04 | 14.87 | 16.21 | 17.55 | 18.38 | 19.72 |
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): | 76.83 | |
| MACD (12,26,9): | 0.2200 | |
| Directional Movement: | 28.27 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 16.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.11 | |
| Elder Ray (13): | 0.34 | |
| Super Trend (3,10): | 16.23 | |
| Zig ZAG (10): | 16.78 | |
| VORTEX (21): | 1.2300 | |
| Stochastique (14,3,5): | 89.35 | |
| TEMA (21): | 16.63 | |
| Williams %R (14): | -6.33 | |
| Chande Momentum Oscillator (20): | 0.60 | |
| Repulse (5,40,3): | 2.4800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 4.44 |
| MA7: | 15.81 | |
| MA20: | 15.82 | |
| MA50: | 16.49 | |
| MA100: | 16.62 | |
| MAexp7: | 16.53 | |
| MAexp20: | 16.28 | |
| MAexp50: | 15.98 | |
| MAexp100: | 15.78 | |
| Price / MA7: | +5.44% | |
| Price / MA20: | +5.37% | |
| Price / MA50: | +1.09% | |
| Price / MA100: | +0.30% | |
| Price / MAexp7: | +0.85% | |
| Price / MAexp20: | +2.40% | |
| Price / MAexp50: | +4.32% | |
| Price / MAexp100: | +5.64% |
Quotes :
2020-07-07 16:09:40
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Real time data
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