BINANCE COIN - BNB/USD - 1H - Technical analysis published on 04/17/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 336.13 USD
My targets
355.55 USD (+2.44%)
369.83 USD (+6.56%)
My analysis
BINANCE COIN - BNB/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 336.13 USD. The next resistance located at 355.55 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 369.83 USD. After this resistance, buyers could then target 450.23 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
6.8
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Additional analysis
Quotes
BINANCE COIN - BNB/USD rating 347.08 USD. On the day, this instrument lost -0.20% and was traded between 342.54 USD and 350.22 USD over the period. The price is currently at +1.33% from its lowest and -0.90% from its highest.342.54
350.22
347.08
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BINANCE COIN - BNB/USD in 1H shows a strongly overall bullish trend. 92.86% 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.
An assessment of technical indicators shows a slightly bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 330.41 | 332.94 | 336.13 | 347.08 | 355.55 | 450.23 | 505.12 |
| Change (%) | -4.80% | -4.07% | -3.15% | - | +2.44% | +29.72% | +45.53% |
| Change | -16.67 | -14.14 | -10.95 | - | +8.47 | +103.15 | +158.04 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Minor |
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 | 314.96 | 322.68 | 335.23 | 342.95 | 355.50 | 363.22 | 375.77 |
| Camarilla | 342.21 | 344.06 | 345.92 | 347.78 | 349.64 | 351.50 | 353.35 |
| Woodie | 317.38 | 323.89 | 337.65 | 344.16 | 357.92 | 364.43 | 378.19 |
| Fibonacci | 322.68 | 330.42 | 335.21 | 342.95 | 350.69 | 355.48 | 363.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 289.79 | 299.71 | 316.47 | 326.39 | 343.15 | 353.07 | 369.83 |
| Camarilla | 325.90 | 328.35 | 330.79 | 333.24 | 335.69 | 338.13 | 340.58 |
| Woodie | 293.22 | 301.42 | 319.90 | 328.10 | 346.58 | 354.78 | 373.26 |
| Fibonacci | 299.71 | 309.90 | 316.20 | 326.39 | 336.58 | 342.88 | 353.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 190.64 | 227.82 | 272.39 | 309.57 | 354.14 | 391.32 | 435.89 |
| Camarilla | 294.47 | 301.96 | 309.46 | 316.95 | 324.44 | 331.94 | 339.43 |
| Woodie | 194.33 | 229.67 | 276.08 | 311.42 | 357.83 | 393.17 | 439.58 |
| Fibonacci | 227.82 | 259.05 | 278.35 | 309.57 | 340.80 | 360.10 | 391.32 |
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): | 63.74 | |
| MACD (12,26,9): | 3.2700 | |
| Directional Movement: | 8.74 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 349.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 350.22 | |
| Elder Ray (13): | 2.12 | |
| Super Trend (3,10): | 342.30 | |
| Zig ZAG (10): | 348.76 | |
| VORTEX (21): | 1.2300 | |
| Stochastique (14,3,5): | 80.70 | |
| TEMA (21): | 350.23 | |
| Williams %R (14): | -23.62 | |
| Chande Momentum Oscillator (20): | -0.20 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 3.02 |
| MA7: | 332.22 | |
| MA20: | 320.05 | |
| MA50: | 312.95 | |
| MA100: | 309.68 | |
| MAexp7: | 347.68 | |
| MAexp20: | 345.24 | |
| MAexp50: | 339.67 | |
| MAexp100: | 334.20 | |
| Price / MA7: | +4.47% | |
| Price / MA20: | +8.45% | |
| Price / MA50: | +10.91% | |
| Price / MA100: | +12.08% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | +0.53% | |
| Price / MAexp50: | +2.18% | |
| Price / MAexp100: | +3.85% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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