BINANCE COIN - BNB/USD - 1H - Technical analysis published on 05/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 566.00 USD
My targets
590.50 USD (+1.15%)
597.50 USD (+2.35%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 566.00 USD remains possible. It is advisable to trade BINANCE COIN - BNB/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 566.00 USD. The next bullish objective for buyers is set at 590.50 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 597.50 USD. If there is any crossing, the next objective would be the resistance located at 608.20 USD. PS: if there is a bearish break in the support located at 566.00 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BINANCE COIN - BNB/USD price is 583.77 USD. The price registered a decrease of -0.34% on the session and was traded between 580.01 USD and 587.92 USD over the period. The price is currently at +0.65% from its lowest and -0.71% from its highest.580.01
587.92
583.77
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of BINANCE COIN - BNB/USD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 8 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 555.65 | 566.00 | 581.37 | 583.77 | 590.50 | 597.50 | 608.20 |
| Change (%) | -4.82% | -3.04% | -0.41% | - | +1.15% | +2.35% | +4.18% |
| Change | -28.12 | -17.77 | -2.40 | - | +6.73 | +13.73 | +24.43 |
| Level | Minor | Intermediate | Intermediate | - | Minor | 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 | 569.74 | 576.12 | 580.95 | 587.33 | 592.16 | 598.54 | 603.37 |
| Camarilla | 582.70 | 583.73 | 584.75 | 585.78 | 586.81 | 587.84 | 588.86 |
| Woodie | 568.97 | 575.73 | 580.18 | 586.94 | 591.39 | 598.15 | 602.60 |
| Fibonacci | 576.12 | 580.40 | 583.05 | 587.33 | 591.61 | 594.26 | 598.54 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 473.12 | 504.66 | 545.22 | 576.76 | 617.32 | 648.86 | 689.42 |
| Camarilla | 565.95 | 572.56 | 579.17 | 585.78 | 592.39 | 599.00 | 605.61 |
| Woodie | 477.63 | 506.92 | 549.73 | 579.02 | 621.83 | 651.12 | 693.93 |
| Fibonacci | 504.66 | 532.20 | 549.22 | 576.76 | 604.30 | 621.32 | 648.86 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 399.58 | 456.23 | 517.10 | 573.75 | 634.62 | 691.27 | 752.14 |
| Camarilla | 545.66 | 556.44 | 567.21 | 577.98 | 588.75 | 599.53 | 610.30 |
| Woodie | 401.70 | 457.29 | 519.22 | 574.81 | 636.74 | 692.33 | 754.26 |
| Fibonacci | 456.23 | 501.12 | 528.85 | 573.75 | 618.64 | 646.37 | 691.27 |
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): | 44.61 | |
| MACD (12,26,9): | 0.5500 | |
| Directional Movement: | -8.01 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 587.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 591.78 | |
| Elder Ray (13): | -2.78 | |
| Super Trend (3,10): | 579.34 | |
| Zig ZAG (10): | 583.70 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 27.03 | |
| TEMA (21): | 584.95 | |
| Williams %R (14): | -68.32 | |
| Chande Momentum Oscillator (20): | -7.23 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 1.53 |
| MA7: | 578.41 | |
| MA20: | 580.17 | |
| MA50: | 576.78 | |
| MA100: | 483.57 | |
| MAexp7: | 585.34 | |
| MAexp20: | 586.15 | |
| MAexp50: | 581.50 | |
| MAexp100: | 578.21 | |
| Price / MA7: | +0.93% | |
| Price / MA20: | +0.62% | |
| Price / MA50: | +1.21% | |
| Price / MA100: | +20.72% | |
| Price / MAexp7: | -0.27% | |
| Price / MAexp20: | -0.41% | |
| Price / MAexp50: | +0.39% | |
| Price / MAexp100: | +0.96% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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