BINANCE COIN - BNB/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	BNBUSD
ISIN:

BINANCE COIN - BNB/USD - Daily - Technical analysis published on 10/14/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 428.99 USD

My targets

505.12 USD (+7.88%)

597.56 USD (+27.62%)

My analysis

The bullish trend is currently very strong on BINANCE COIN - BNB/USD. As long as the price remains above the support at 428.99 USD, you could try to benefit from the boom. The first bullish objective is located at 505.12 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 597.56 USD as an objective. Crossing it would then enable buyers to target 676.53 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

7.3

Comment on the analysis

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 alphakarl. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BINANCE COIN - BNB/USD price is 468.23 USD. On the day, this instrument lost -0.52% with the lowest point at 461.53 USD and the highest point at 482.79 USD. The deviation from the price is +1.45% for the low point and -3.02% for the high point.

461.53

482.79

468.23

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of this Daily chart of BINANCE COIN - BNB/USD indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

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:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

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:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Three white soldiers

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	263.65	333.27	428.99	468.23	505.12	597.56	676.53
Change (%)	-43.69%	-28.82%	-8.38%	-	+7.88%	+27.62%	+44.49%
Change	-204.58	-134.96	-39.24	-	+36.89	+129.33	+208.30
Level	Major	Intermediate	Intermediate	-	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	405.83	419.24	444.96	458.37	484.09	497.50	523.22
Camarilla	459.93	463.52	467.10	470.69	474.28	477.86	481.45
Woodie	412.00	422.32	451.13	461.45	490.26	500.58	529.39
Fibonacci	419.24	434.18	443.42	458.37	473.31	482.55	497.50

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	366.69	389.08	405.47	427.86	444.25	466.64	483.03
Camarilla	411.20	414.75	418.31	421.86	425.42	428.97	432.53
Woodie	363.69	387.58	402.47	426.36	441.25	465.14	480.03
Fibonacci	389.08	403.89	413.05	427.86	442.67	451.83	466.64

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	111.64	215.85	301.75	405.96	491.86	596.07	681.97
Camarilla	335.37	352.80	370.22	387.65	405.08	422.50	439.93
Woodie	102.49	211.27	292.60	401.38	482.71	591.49	672.82
Fibonacci	215.85	288.47	333.34	405.96	478.58	523.45	596.07

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):	63.80
MACD (12,26,9):	13.2600
Directional Movement:	12.19
AROON (14):	100.00
DEMA (21):	436.57
Parabolic SAR (0,02-0,02-0,2):	392.41
Elder Ray (13):	40.69
Super Trend (3,10):	389.33
Zig ZAG (10):	469.67
VORTEX (21):	1.1600
Stochastique (14,3,5):	93.39
TEMA (21):	451.00
Williams %R (14):	-13.40
Chande Momentum Oscillator (20):	41.88
Repulse (5,40,3):	10.0300
ROCnROLL:	1
TRIX (15,9):	0.1800
Courbe Coppock:	36.14

MA7:	434.81
MA20:	409.30
MA50:	424.17
MA100:	388.09
MAexp7:	444.13
MAexp20:	423.47
MAexp50:	412.74
MAexp100:	399.31
Price / MA7:	+7.69%
Price / MA20:	+14.40%
Price / MA50:	+10.39%
Price / MA100:	+20.65%
Price / MAexp7:	+5.43%
Price / MAexp20:	+10.57%
Price / MAexp50:	+13.44%
Price / MAexp100:	+17.26%

Quotes : - Real time data - Cryptocompare

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

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