BINANCE COIN - BNB/USD - 1H - Technical analysis published on 09/21/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 24.75 USD
My targets
23.14 USD (-3.18%)
21.03 USD (-12.01%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BINANCE COIN - BNB/USD as long as the price remains well below 24.75 USD. The sellers” bearish objective is set at 23.14 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 21.03 USD. In case of crossing, the next objective would be the support located at 17.77 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7.5
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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/USD rating 23.90 USD. On the day, this instrument lost -9.33% and was between 23.74 USD and 26.63 USD. This implies that the price is at +0.67% from its lowest and at -10.25% from its highest.23.74
26.63
23.90
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BINANCE COIN - BNB/USD:
Technical
Technical analysis of BINANCE COIN - BNB/USD in 1H shows a overall strongly 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.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
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 channel 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 | 17.77 | 21.03 | 23.14 | 23.90 | 24.75 | 26.10 | 27.63 |
| Change (%) | -25.65% | -12.01% | -3.18% | - | +3.56% | +9.21% | +15.61% |
| Change | -6.13 | -2.87 | -0.76 | - | +0.85 | +2.20 | +3.73 |
| Level | Minor | Major | Minor | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.09 | 24.13 | 25.24 | 26.28 | 27.39 | 28.43 | 29.54 |
| Camarilla | 25.77 | 25.97 | 26.16 | 26.36 | 26.56 | 26.75 | 26.95 |
| Woodie | 23.14 | 24.15 | 25.29 | 26.30 | 27.44 | 28.45 | 29.59 |
| Fibonacci | 24.13 | 24.95 | 25.46 | 26.28 | 27.10 | 27.61 | 28.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.89 | 21.42 | 24.32 | 28.85 | 31.75 | 36.28 | 39.18 |
| Camarilla | 25.18 | 25.86 | 26.54 | 27.22 | 27.90 | 28.58 | 29.26 |
| Woodie | 16.08 | 21.01 | 23.51 | 28.44 | 30.94 | 35.87 | 38.37 |
| Fibonacci | 21.42 | 24.26 | 26.01 | 28.85 | 31.69 | 33.44 | 36.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.11 | 17.82 | 20.50 | 22.21 | 24.89 | 26.60 | 29.28 |
| Camarilla | 21.96 | 22.37 | 22.77 | 23.17 | 23.57 | 23.98 | 24.38 |
| Woodie | 16.59 | 18.06 | 20.98 | 22.45 | 25.37 | 26.84 | 29.76 |
| Fibonacci | 17.82 | 19.50 | 20.54 | 22.21 | 23.89 | 24.93 | 26.60 |
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): | 34.68 | |
| MACD (12,26,9): | -0.2400 | |
| Directional Movement: | -19.00 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 25.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 26.60 | |
| Elder Ray (13): | -0.59 | |
| Super Trend (3,10): | 26.49 | |
| Zig ZAG (10): | 25.45 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 30.61 | |
| TEMA (21): | 25.77 | |
| Williams %R (14): | -80.95 | |
| Chande Momentum Oscillator (20): | 0.24 | |
| Repulse (5,40,3): | -2.2900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 0.27 |
| MA7: | 26.97 | |
| MA20: | 25.43 | |
| MA50: | 23.79 | |
| MA100: | 20.56 | |
| MAexp7: | 25.85 | |
| MAexp20: | 26.13 | |
| MAexp50: | 26.53 | |
| MAexp100: | 26.92 | |
| Price / MA7: | -11.38% | |
| Price / MA20: | -6.02% | |
| Price / MA50: | +0.46% | |
| Price / MA100: | +16.25% | |
| Price / MAexp7: | -7.54% | |
| Price / MAexp20: | -8.53% | |
| Price / MAexp50: | -9.91% | |
| Price / MAexp100: | -11.22% |
Quotes :
2020-09-21 10:19:14
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Real time data
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