BINARYX - BNX/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BNXUSDT
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BINARYX - BNX/USDT - 1H - Technical analysis published on 05/18/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 1.040617 USDT

My targets

1.075783 USDT (+1.72%)

My analysis

BINARYX - BNX/USDT 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 1.040617 USDT. The next resistance located at 1.075783 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

Comment on the analysis

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.

This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BINARYX - BNX/USDT price is 1.057580 USDT. The price registered an increase of +1.24% on the session with the lowest point at 1.042720 USDT and the highest point at 1.069281 USDT. The deviation from the price is +1.43% for the low point and -1.09% for the high point.

1.042720

1.069281

1.057580

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this BINARYX - BNX/USDT 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.

In fact, 14 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	0.960958	1.019615	1.040617	1.057580	1.075783
Change (%)	-9.14%	-3.59%	-1.60%	-	+1.72%
Change	-0.096622	-0.037965	-0.016963	-	+0.018203
Level	Intermediate	Major	Intermediate	-	Intermediate

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	0.962844	0.991669	1.018133	1.046958	1.073422	1.102247	1.128711
Camarilla	1.029393	1.034461	1.039529	1.044597	1.049665	1.054733	1.059802
Woodie	0.961664	0.991079	1.016953	1.046368	1.072242	1.101657	1.127531
Fibonacci	0.991669	1.012789	1.025838	1.046958	1.068078	1.081127	1.102247

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.781207	0.842409	0.891454	0.952656	1.001701	1.062903	1.111948
Camarilla	0.910182	0.920288	0.930394	0.940500	0.950606	0.960712	0.970818
Woodie	0.775130	0.839370	0.885377	0.949617	0.995624	1.059864	1.105871
Fibonacci	0.842409	0.884523	0.910541	0.952656	0.994770	1.020788	1.062903

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.005995	0.255736	0.600427	0.850168	1.194859	1.444600	1.789291
Camarilla	0.781650	0.836140	0.890629	0.945119	0.999609	1.054098	1.108588
Woodie	0.053471	0.279474	0.647903	0.873906	1.242335	1.468338	1.836767
Fibonacci	0.255736	0.482809	0.623095	0.850168	1.077241	1.217527	1.444600

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):	57.24
MACD (12,26,9):	0.0056
Directional Movement:	11.529618
AROON (14):	64.285714
DEMA (21):	1.057107
Parabolic SAR (0,02-0,02-0,2):	1.038822
Elder Ray (13):	0.004599
Super Trend (3,10):	1.021736
Zig ZAG (10):	1.055800
VORTEX (21):	1.0260
Stochastique (14,3,5):	57.80
TEMA (21):	1.054464
Williams %R (14):	-43.73
Chande Momentum Oscillator (20):	0.011900
Repulse (5,40,3):	-0.1292
ROCnROLL:	1
TRIX (15,9):	0.0792
Courbe Coppock:	0.64

MA7:	0.985300
MA20:	0.973795
MA50:	0.826064
MA100:	0.617914
MAexp7:	1.053792
MAexp20:	1.048379
MAexp50:	1.033058
MAexp100:	1.007630
Price / MA7:	+7.34%
Price / MA20:	+8.60%
Price / MA50:	+28.03%
Price / MA100:	+71.15%
Price / MAexp7:	+0.36%
Price / MAexp20:	+0.88%
Price / MAexp50:	+2.37%
Price / MAexp100:	+4.96%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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