BINANCE COIN - BNB/USD - Daily - Technical analysis published on 10/12/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 29.02 USD
My targets
35.10 USD (+14.63%)
38.72 USD (+26.45%)
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 29.02 USD. The buyers” bullish objective is set at 35.10 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 38.72 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
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
BINANCE COIN - BNB/USD rating 30.62 USD. The price has increased by +7.29% since the last closing and was between 28.46 USD and 30.96 USD. This implies that the price is at +7.59% from its lowest and at -1.10% from its highest.28.46
30.96
30.62
Here is a more detailed summary of the historical variations registered by BINANCE COIN - BNB/USD:
Technical
A technical analysis in Daily of this BINANCE COIN - BNB/USD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by 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. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
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 | 24.95 | 27.29 | 29.02 | 30.62 | 30.98 | 35.10 | 38.72 |
Change (%) | -18.52% | -10.88% | -5.23% | - | +1.18% | +14.63% | +26.45% |
Change | -5.67 | -3.33 | -1.60 | - | +0.36 | +4.48 | +8.10 |
Level | Intermediate | Intermediate | Major | - | Intermediate | Minor | 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 | 27.27 | 27.60 | 28.07 | 28.40 | 28.87 | 29.20 | 29.67 |
Camarilla | 28.32 | 28.39 | 28.47 | 28.54 | 28.61 | 28.69 | 28.76 |
Woodie | 27.34 | 27.64 | 28.14 | 28.44 | 28.94 | 29.24 | 29.74 |
Fibonacci | 27.60 | 27.91 | 28.09 | 28.40 | 28.71 | 28.89 | 29.20 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 24.23 | 25.41 | 26.91 | 28.09 | 29.59 | 30.77 | 32.27 |
Camarilla | 27.67 | 27.92 | 28.16 | 28.41 | 28.66 | 28.90 | 29.15 |
Woodie | 24.39 | 25.49 | 27.07 | 28.17 | 29.75 | 30.85 | 32.43 |
Fibonacci | 25.41 | 26.43 | 27.07 | 28.09 | 29.11 | 29.75 | 30.77 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 5.19 | 11.64 | 20.49 | 26.94 | 35.79 | 42.24 | 51.09 |
Camarilla | 25.14 | 26.55 | 27.95 | 29.35 | 30.75 | 32.16 | 33.56 |
Woodie | 6.40 | 12.24 | 21.70 | 27.54 | 37.00 | 42.84 | 52.30 |
Fibonacci | 11.64 | 17.48 | 21.09 | 26.94 | 32.78 | 36.39 | 42.24 |
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): | 65.31 | |
MACD (12,26,9): | 0.9800 | |
Directional Movement: | 12.40 | |
AROON (14): | 71.43 | |
DEMA (21): | 29.07 | |
Parabolic SAR (0,02-0,02-0,2): | 25.08 | |
Elder Ray (13): | 1.41 | |
Super Trend (3,10): | 30.89 | |
Zig ZAG (10): | 30.70 | |
VORTEX (21): | 1.1600 | |
Stochastique (14,3,5): | 79.91 | |
TEMA (21): | 29.19 | |
Williams %R (14): | -5.96 | |
Chande Momentum Oscillator (20): | 1.28 | |
Repulse (5,40,3): | 10.2900 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.4700 | |
Courbe Coppock: | 19.53 |
MA7: | 28.45 | |
MA20: | 27.48 | |
MA50: | 25.74 | |
MA100: | 22.94 | |
MAexp7: | 28.83 | |
MAexp20: | 27.80 | |
MAexp50: | 25.98 | |
MAexp100: | 23.75 | |
Price / MA7: | +7.63% | |
Price / MA20: | +11.43% | |
Price / MA50: | +18.96% | |
Price / MA100: | +33.48% | |
Price / MAexp7: | +6.21% | |
Price / MAexp20: | +10.14% | |
Price / MAexp50: | +17.86% | |
Price / MAexp100: | +28.93% |
Quotes :
2020-10-12 14:22:38
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Real time data
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