BINANCE COIN - BNB/USD - 1H - Technical analysis published on 07/21/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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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 17.74 USD
My targets
18.32 USD (+2.63%)
18.59 USD (+4.15%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BINANCE COIN - BNB/USD as long as the price remains well above 17.74 USD. The buyers” bullish objective is set at 18.32 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 18.59 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.4
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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 17.85 USD. The price registered an increase of +2.12% on the session and was between 17.40 USD and 17.92 USD. This implies that the price is at +2.59% from its lowest and at -0.39% from its highest.17.40
17.92
17.85
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BINANCE COIN - BNB/USD indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
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 Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 17.24 | 17.47 | 17.74 | 17.85 | 17.95 | 18.32 | 18.59 |
| Change (%) | -3.42% | -2.13% | -0.62% | - | +0.56% | +2.63% | +4.15% |
| Change | -0.61 | -0.38 | -0.11 | - | +0.10 | +0.47 | +0.74 |
| Level | Minor | Major | Intermediate | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.98 | 16.61 | 17.05 | 17.68 | 18.12 | 18.75 | 19.19 |
| Camarilla | 17.19 | 17.28 | 17.38 | 17.48 | 17.58 | 17.68 | 17.77 |
| Woodie | 15.88 | 16.56 | 16.95 | 17.63 | 18.02 | 18.70 | 19.09 |
| Fibonacci | 16.61 | 17.02 | 17.28 | 17.68 | 18.09 | 18.35 | 18.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.20 | 15.37 | 16.26 | 17.43 | 18.32 | 19.49 | 20.38 |
| Camarilla | 16.59 | 16.78 | 16.97 | 17.16 | 17.35 | 17.54 | 17.73 |
| Woodie | 14.07 | 15.30 | 16.13 | 17.36 | 18.19 | 19.42 | 20.25 |
| Fibonacci | 15.37 | 16.15 | 16.64 | 17.43 | 18.21 | 18.70 | 19.49 |
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): | 57.76 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 7.39 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 17.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.48 | |
| Elder Ray (13): | 0.17 | |
| Super Trend (3,10): | 17.99 | |
| Zig ZAG (10): | 17.85 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 87.28 | |
| TEMA (21): | 17.68 | |
| Williams %R (14): | -13.46 | |
| Chande Momentum Oscillator (20): | 0.35 | |
| Repulse (5,40,3): | 0.1800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 1.68 |
| MA7: | 17.48 | |
| MA20: | 17.04 | |
| MA50: | 16.70 | |
| MA100: | 16.53 | |
| MAexp7: | 17.74 | |
| MAexp20: | 17.70 | |
| MAexp50: | 17.68 | |
| MAexp100: | 17.61 | |
| Price / MA7: | +2.12% | |
| Price / MA20: | +4.75% | |
| Price / MA50: | +6.89% | |
| Price / MA100: | +7.99% | |
| Price / MAexp7: | +0.62% | |
| Price / MAexp20: | +0.85% | |
| Price / MAexp50: | +0.96% | |
| Price / MAexp100: | +1.36% |
Quotes :
2020-07-21 10:37:03
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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