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 10/15/2021 (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

83%

17%

My opinion

Bullish above 428.99 USD

My targets

505.12 USD (+6.56%)

597.56 USD (+26.06%)

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 428.99 USD. The buyers' bullish objective is set at 505.12 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 597.56 USD. If there is any crossing, the next objective would be the resistance located at 676.53 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

7.7

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

BINANCE COIN - BNB/USD rating 474.04 USD. The price has increased by +0.29% since the last closing and was between 452.33 USD and 478.16 USD. This implies that the price is at +4.80% from its lowest and at -0.86% from its highest.

452.33

478.16

474.04

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by BINANCE COIN - BNB/USD:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on BINANCE COIN - BNB/USD were detected by the Central Volumes scanner:

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. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Moving Average bearish crossovers : AMA50 & AMA100

Type : Bearish

Timeframe : Daily

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	263.65	333.27	428.99	474.04	505.12	597.56	676.53
Change (%)	-44.38%	-29.70%	-9.50%	-	+6.56%	+26.06%	+42.72%
Change	-210.39	-140.77	-45.05	-	+31.08	+123.52	+202.49
Level	Major	Intermediate	Intermediate	-	Intermediate	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	440.61	451.07	461.87	472.33	483.13	493.59	504.39
Camarilla	466.82	468.77	470.72	472.67	474.62	476.57	478.52
Woodie	440.78	451.16	462.04	472.42	483.30	493.68	504.56
Fibonacci	451.07	459.19	464.21	472.33	480.45	485.47	493.59

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	64.42
MACD (12,26,9):	15.6300
Directional Movement:	9.00
AROON (14):	92.86
DEMA (21):	444.54
Parabolic SAR (0,02-0,02-0,2):	396.03
Elder Ray (13):	27.42
Super Trend (3,10):	389.33
Zig ZAG (10):	473.62
VORTEX (21):	1.2200
Stochastique (14,3,5):	92.76
TEMA (21):	460.57
Williams %R (14):	-10.71
Chande Momentum Oscillator (20):	42.26
Repulse (5,40,3):	9.7900
ROCnROLL:	1
TRIX (15,9):	0.2500
Courbe Coppock:	33.51

MA7:	442.98
MA20:	415.57
MA50:	424.12
MA100:	389.57
MAexp7:	452.08
MAexp20:	428.43
MAexp50:	415.21
MAexp100:	400.83
Price / MA7:	+7.01%
Price / MA20:	+14.07%
Price / MA50:	+11.77%
Price / MA100:	+21.68%
Price / MAexp7:	+4.87%
Price / MAexp20:	+10.66%
Price / MAexp50:	+14.18%
Price / MAexp100:	+18.28%

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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