BINANCE COIN - BNB/USD
BINANCE COIN - BNB/USD
- USD (-)
- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: BNBUSD
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BINANCE COIN - BNB/USD - Daily - Technical analysis published on 10/12/2020 (GMT)

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  • Timeframe : Daily
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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 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

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

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:

Central Indicators

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard27.2727.6028.0728.4028.8729.2029.67
Camarilla28.3228.3928.4728.5428.6128.6928.76
Woodie27.3427.6428.1428.4428.9429.2429.74
Fibonacci27.6027.9128.0928.4028.7128.8929.20


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard24.2325.4126.9128.0929.5930.7732.27
Camarilla27.6727.9228.1628.4128.6628.9029.15
Woodie24.3925.4927.0728.1729.7530.8532.43
Fibonacci25.4126.4327.0728.0929.1129.7530.77


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.1911.6420.4926.9435.7942.2451.09
Camarilla25.1426.5527.9529.3530.7532.1633.56
Woodie6.4012.2421.7027.5437.0042.8452.30
Fibonacci11.6417.4821.0926.9432.7836.3942.24

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 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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