Londinia Opportunities Analyses - 05/24/2022 (GMT) LONG BNB WITH UP TO 3X LEVE - BNBUP/USDT - 1H

Type:	Cryptocurrencies
Ticker:	BNBUPUSDT
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

Cryptocurrencies
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

72%

11%

17%

My opinion

Bullish above 64.29 USDT

My targets

68.20 USDT (+4.22%)

71.79 USDT (+9.70%)

My analysis

The basic bullish trend is very strong on LONG BNB WITH UP TO 3X LEVE - BNBUP/USDT but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 64.29 USDT. Crossing the first resistance at 68.20 USDT would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 71.79 USDT as an objective. Crossing it would then enable buyers to target 286.06 USDT. Caution, a return to below 64.29 USDT would be a sign of a consolidation phase in the short-term basic trend. 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.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.3

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.

Additional analysis

Quotes

The LONG BNB WITH UP TO 3X LEVE - BNBUP/USDT price is 65.44 USDT. The price has increased by +8.15% since the last closing and was between 60.07 USDT and 65.74 USDT. This implies that the price is at +8.94% from its lowest and at -0.46% from its highest.

60.07

65.74

65.44

A study of price movements over other periods shows the following variations:

Abnormal volumes on LONG BNB WITH UP TO 3X LEVE - BNBUP/USDT were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of LONG BNB WITH UP TO 3X LEVE - BNBUP/USDT in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 13 technical indicators on 18 studied are currently bullish. 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

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Three white soldiers

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	60.77	62.98	64.29	65.44	68.20	286.06	417.56
Change (%)	-7.14%	-3.76%	-1.76%	-	+4.22%	+337.13%	+538.08%
Change	-4.67	-2.46	-1.15	-	+2.76	+220.62	+352.12
Level	Intermediate	Intermediate	Minor	-	Intermediate	Intermediate	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	49.19	54.53	57.52	62.86	65.85	71.19	74.18
Camarilla	58.22	58.98	59.75	60.51	61.27	62.04	62.80
Woodie	48.02	53.94	56.35	62.27	64.68	70.60	73.01
Fibonacci	54.53	57.71	59.68	62.86	66.04	68.01	71.19

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37.01	43.01	51.40	57.40	65.79	71.79	80.18
Camarilla	55.84	57.16	58.48	59.80	61.12	62.44	63.76
Woodie	38.22	43.61	52.61	58.00	67.00	72.39	81.39
Fibonacci	43.01	48.50	51.90	57.40	62.89	66.29	71.79

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	35.26	91.91	120.31	176.96	205.36	262.01	290.41
Camarilla	125.31	133.11	140.90	148.70	156.50	164.29	172.09
Woodie	21.13	84.85	106.18	169.90	191.23	254.95	276.28
Fibonacci	91.91	124.40	144.47	176.96	209.45	229.52	262.01

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):	59.22
MACD (12,26,9):	0.2100
Directional Movement:	9.52
AROON (14):	-50.00
DEMA (21):	64.32
Parabolic SAR (0,02-0,02-0,2):	59.98
Elder Ray (13):	1.19
Super Trend (3,10):	61.10
Zig ZAG (10):	65.74
VORTEX (21):	1.0100
Stochastique (14,3,5):	66.59
TEMA (21):	63.93
Williams %R (14):	-20.03
Chande Momentum Oscillator (20):	-0.09
Repulse (5,40,3):	3.7500
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	6.89

MA7:	59.15
MA20:	73.14
MA50:	138.26
MA100:	162.06
MAexp7:	64.26
MAexp20:	63.99
MAexp50:	63.02
MAexp100:	61.29
Price / MA7:	+10.63%
Price / MA20:	-10.53%
Price / MA50:	-52.67%
Price / MA100:	-59.62%
Price / MAexp7:	+1.84%
Price / MAexp20:	+2.27%
Price / MAexp50:	+3.84%
Price / MAexp100:	+6.77%

Quotes : - Real time data - Cryptocompare