BINANCE COIN - BNB/USD - 1H - Technical analysis published on 07/14/2023 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 248.18 USD
My targets
257.79 USD (+0.67%)
277.13 USD (+8.22%)
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 248.18 USD. The buyers' bullish objective is set at 257.79 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 277.13 USD. If there is any crossing, the next objective would be the resistance located at 308.21 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
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BINANCE COIN - BNB/USD rating 256.09 USD. The price is lower by -0.11% since the last closing with the lowest point at 255.63 USD and the highest point at 261.67 USD. The deviation from the price is +0.18% for the low point and -2.13% for the high point.255.63
261.67
256.09
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:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
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.
An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 231.04 | 237.69 | 248.18 | 256.09 | 277.13 | 308.21 | 339.24 |
| Change (%) | -9.78% | -7.18% | -3.09% | - | +8.22% | +20.35% | +32.47% |
| Change | -25.05 | -18.40 | -7.91 | - | +21.04 | +52.12 | +83.15 |
| Level | Intermediate | Intermediate | Major | - | 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 | 184.17 | 199.09 | 227.73 | 242.65 | 271.29 | 286.21 | 314.85 |
| Camarilla | 244.40 | 248.39 | 252.39 | 256.38 | 260.37 | 264.37 | 268.36 |
| Woodie | 191.04 | 202.52 | 234.60 | 246.08 | 278.16 | 289.64 | 321.72 |
| Fibonacci | 199.09 | 215.73 | 226.01 | 242.65 | 259.29 | 269.57 | 286.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 164.85 | 186.28 | 211.32 | 232.75 | 257.79 | 279.22 | 304.26 |
| Camarilla | 223.59 | 227.85 | 232.11 | 236.37 | 240.63 | 244.89 | 249.15 |
| Woodie | 166.67 | 187.18 | 213.14 | 233.65 | 259.61 | 280.12 | 306.08 |
| Fibonacci | 186.28 | 204.03 | 215.00 | 232.75 | 250.50 | 261.47 | 279.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 116.79 | 168.78 | 204.58 | 256.57 | 292.37 | 344.36 | 380.16 |
| Camarilla | 216.24 | 224.29 | 232.33 | 240.38 | 248.43 | 256.48 | 264.52 |
| Woodie | 108.70 | 164.73 | 196.49 | 252.52 | 284.28 | 340.31 | 372.07 |
| Fibonacci | 168.78 | 202.32 | 223.03 | 256.57 | 290.11 | 310.82 | 344.36 |
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): | 69.61 | |
| MACD (12,26,9): | 3.2400 | |
| Directional Movement: | -3.51 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 259.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 248.17 | |
| Elder Ray (13): | 2.17 | |
| Super Trend (3,10): | 250.68 | |
| Zig ZAG (10): | 258.90 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 76.12 | |
| TEMA (21): | 261.22 | |
| Williams %R (14): | -24.44 | |
| Chande Momentum Oscillator (20): | 6.72 | |
| Repulse (5,40,3): | -0.2100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 5.98 |
| MA7: | 246.17 | |
| MA20: | 241.59 | |
| MA50: | 257.37 | |
| MA100: | 289.00 | |
| MAexp7: | 258.40 | |
| MAexp20: | 255.53 | |
| MAexp50: | 251.20 | |
| MAexp100: | 247.82 | |
| Price / MA7: | +4.03% | |
| Price / MA20: | +6.00% | |
| Price / MA50: | -0.50% | |
| Price / MA100: | -11.39% | |
| Price / MAexp7: | -0.89% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +1.95% | |
| Price / MAexp100: | +3.34% |
Quotes :
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Real time data
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