This short article presents a in depth examination of the price tag action of BNB on Binance, like technical indicators, moving averages, Pivot Points and far more.
Brief description of price tag and trading volume
At the time of recording, BNB was priced at $239.twenty, down $21.90 (-eight.39%) in contrast to the former time period. Recorded at 06:28, with a trading volume of one,598,207 units on Binance.
Technical Analysis and Indicators
Technical indicators are mathematical calculations based mostly on the price tag and volume of an asset. They are made use of to predict potential price tag moves and determine trading options.
- RSI (14): The Relative Strength Index (RSI) measures the velocity and variability of price tag movements. The RSI worth of 41,735 is regarded as a promote signal, indicating a bearish trend.
- STOCH (9.six): The Stochastic Oscillator compares an asset’s closing price tag to a array of its rates in excess of a specific time period of time. The worth of 66,667 is regarded as a obtain signal, indicating that the uptrend is most likely to carry on.
- STOCHRSI (14): The Stochastic RSI is an oscillator that measures the power of the RSI relative to its array of highs and lows for a offered time frame. A worth of 96.867 signifies overbought circumstances, suggesting a probable price tag reversal.
- MACD (twelve,26): The moving normal box (MACD) is an indicator that gauges the momentum of the market place trend. A detrimental MACD worth (-three.590) signifies a promote signal, implying a bearish bias.
- ADX (14): The Average Guided Index (ADX) measures the power of the trend irrespective of the course of the trend. An ADX worth of 36,928 signifies a obtain signal, implying the presence of a powerful trend.
- Williams %R: Williams %R is an overbought and oversold indicator. A worth of -28,572 signifies a obtain signal, implying bullish momentum.
- CCI (14): The Commodity Channel Indicator (CCI) is an oscillator that measures the overbought or oversold ranges of an investment asset. A worth of 83.7603 exhibits a obtain signal, implying bullish momentum.
- ATR (14): Average Range of Volatility (ATR) is a technical examination indicator that measures market place volatility. A worth of two.2000 signifies significantly less volatility.
- Highs/Los (14): The worth of .3786 is a obtain signal, implying bullish momentum.
- Ultimate Oscillator: Absolute Control is a technical indicator made use of to produce obtain and promote signals, integrating the price tag action of an asset in excess of 3 diverse time intervals. A worth of 48,192 signifies a promote signal, implying bearish momentum.
- ROC: Rate of Change (ROC) is an oscillator that measures price tag momentum up or down based mostly on a percentage among the recent price tag and the price tag in excess of the former n days. A worth of .252 is a obtain signal, implying bullish momentum.
- Bull/Bear Power (13): The Buy/Sell Power Index measures getting or promoting stress in the market place. A worth of .1280 is a obtain signal, implying bullish momentum.
Overall, the technical indicators demonstrate a powerful obtain signal with some indications of a probable price tag reversal due to overbought circumstances.
Moving Average Analysis
Pivot factors are made use of by traders as an indicator that predicts and marks technical critical ranges. When made use of in conjunction with other technical indicators, pivot factors can support detect important price tag movements.
For the traditional pivot level, the pivot level is at $238.97, with assistance ranges at $238.44 (S1), $238.17 (S2) and $237.64 (S3), and resistance ranges at $239.24 (R1), $239.77 (R2) and $240.04 (R3).
The Fibonacci pivots demonstrate a pivot level at $238.97, with assistance at $238.66 (S1), $238.48 (S2) and resistance at $239.28 (R1), $239.46 (R2) and 239.77 USD (R3).
Camarilla pivot factors level to a pivot level at $238.97, with assistance ranges at $238.63 (S1), $238.fifty five (S2) and $238.48 (S3), and resistance ranges at $239.77 (R1) , $238.85 (R2) and $238.92 (R3).
For the Woodie pivot level, the pivot level is at $238.90, with assistance ranges at $238.thirty (S1), $238.ten (S2) and $237.50 (S3), and resistance ranges at $239.ten (R1), 239.70 USD (R2) and 239.90 USD (R3).
The DeMark pivot factors demonstrate probable resistance at $239.ten and probable assistance at $238.thirty.
Pivot level examination
Pivot factors are made use of by traders as a predictive indicator and mark technical significance ranges. When made use of in conjunction with other technical indicators, pivot factors can support notice critical price tag retracements.
For the traditional pivot factors, the pivot level is positioned at 238.97, with assistance ranges at 238.44 (S1), 238.17 (S2) and 237.64 (S3), and resistance at 239 ,24 (R1), 239.77 (R2) and 240.04 (R3).
The Fibonacci pivots recommend a pivot level at 238.97, with assistance at 238.66 (S1), 238.48 (S2) and resistance ranges at 239.28 (R1), 239.46 ( R2) and 239.77 (R3).
The Camarilla pivot factors demonstrate a pivot level at 238.97, with assistance at 238.63 (S1), 238.fifty five (S2) and 238.48 (S3), and resistance at 239.77 (R1), 238.85 (R2) and 238.92 (R3).
For Woodie’s pivot factors, the pivot level is at 238.90, with assistance at 238.thirty (S1), 238.ten (S2) and 237.50 (S3), and resistance at 239, ten (R1), 239.70 (R2) and 239.90 (R3).
The DeMark pivot factors recommend a probable resistance at 239.ten and a probable assistance at 238.thirty.
Conclude
The in depth examination of the price tag dynamics of Binance Coin on the Binance exchange exhibits powerful signals for quick-phrase getting, as proven by most technical indicators and moving averages. quick-phrase action. However, the longer moving averages indicate a bearish bias. Pivot level examination presents probable assistance and resistance ranges, which traders can use to determine probable obtain and promote factors.
While examination presents beneficial information and facts on the probable of price tag trends, it is however critical for traders and traders to do far more investigation and think about a lot of components just before building a choice. investment choice. This is for the reason that the examination is based mostly on historical information and does not assure potential price tag movements. The volatility of the cryptocurrency market place also calls for a cautious method in trading and investing.
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