BINANCE COIN - BNB/USD - 1H - Technical analysis published on 07/29/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 308.17 USD
My targets
318.89 USD (+1.40%)
327.51 USD (+4.14%)
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 308.17 USD. The buyers' bullish objective is set at 318.89 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 327.51 USD. If there is any crossing, the next objective would be the resistance located at 333.27 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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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 314.50 USD. The price has increased by +0.18% since the last closing with the lowest point at 308.57 USD and the highest point at 316.25 USD. The deviation from the price is +1.92% for the low point and -0.55% for the high point.308.57
316.25
314.50
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:
Technical
A technical analysis in 1H of this BINANCE COIN - BNB/USD chart shows a strongly bullish trend. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 281.46 | 298.52 | 308.17 | 314.50 | 318.89 | 327.51 | 333.27 |
| Change (%) | -10.51% | -5.08% | -2.01% | - | +1.40% | +4.14% | +5.97% |
| Change | -33.04 | -15.98 | -6.33 | - | +4.39 | +13.01 | +18.77 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 297.62 | 302.90 | 308.42 | 313.70 | 319.22 | 324.50 | 330.02 |
| Camarilla | 310.97 | 311.96 | 312.95 | 313.94 | 314.93 | 315.92 | 316.91 |
| Woodie | 297.74 | 302.96 | 308.54 | 313.76 | 319.34 | 324.56 | 330.14 |
| Fibonacci | 302.90 | 307.03 | 309.57 | 313.70 | 317.83 | 320.37 | 324.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 213.64 | 234.25 | 268.03 | 288.64 | 322.42 | 343.03 | 376.81 |
| Camarilla | 286.84 | 291.83 | 296.81 | 301.80 | 306.79 | 311.77 | 316.76 |
| Woodie | 220.22 | 237.54 | 274.61 | 291.93 | 329.00 | 346.32 | 383.39 |
| Fibonacci | 234.25 | 255.03 | 267.87 | 288.64 | 309.42 | 322.26 | 343.03 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 72.46 | 149.09 | 226.37 | 303.00 | 380.28 | 456.91 | 534.19 |
| Camarilla | 261.34 | 275.44 | 289.55 | 303.66 | 317.77 | 331.88 | 345.99 |
| Woodie | 72.80 | 149.25 | 226.71 | 303.16 | 380.62 | 457.07 | 534.53 |
| Fibonacci | 149.09 | 207.88 | 244.20 | 303.00 | 361.79 | 398.11 | 456.91 |
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): | 52.44 | |
| MACD (12,26,9): | 0.3400 | |
| Directional Movement: | -4.60 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 313.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 308.62 | |
| Elder Ray (13): | 0.89 | |
| Super Trend (3,10): | 304.50 | |
| Zig ZAG (10): | 313.96 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 68.63 | |
| TEMA (21): | 313.58 | |
| Williams %R (14): | -34.00 | |
| Chande Momentum Oscillator (20): | 1.92 | |
| Repulse (5,40,3): | 0.5000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.24 |
| MA7: | 307.17 | |
| MA20: | 303.77 | |
| MA50: | 311.43 | |
| MA100: | 398.60 | |
| MAexp7: | 313.65 | |
| MAexp20: | 313.20 | |
| MAexp50: | 312.16 | |
| MAexp100: | 309.44 | |
| Price / MA7: | +2.39% | |
| Price / MA20: | +3.53% | |
| Price / MA50: | +0.99% | |
| Price / MA100: | -21.10% | |
| Price / MAexp7: | +0.27% | |
| Price / MAexp20: | +0.42% | |
| Price / MAexp50: | +0.75% | |
| Price / MAexp100: | +1.64% |
Quotes :
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Real time data
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