BINARYX - BNX/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BNXUSDT
ISIN:

BINARYX - BNX/USDT - Daily - Technical analysis published on 04/25/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

11%

17%

My opinion

Bullish above 0.790895 USDT

My targets

0.926400 USDT (+10.74%)

1.113903 USDT (+33.15%)

My analysis

The bullish trend is currently very strong on BINARYX - BNX/USDT. As long as the price remains above the support at 0.790895 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.926400 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.113903 USDT as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

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

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 rating is 0.836587 USDT. The price is lower by -14.43% since the last closing and was traded between 0.832611 USDT and 1.047101 USDT over the period. The price is currently at +0.48% from its lowest and -20.10% from its highest.

0.832611

1.047101

0.836587

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

Here is a more detailed summary of the historical variations registered by BINARYX - BNX/USDT:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of BINARYX - BNX/USDT in Daily shows a strongly overall 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, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

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

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	0.465392	0.600103	0.790895	0.836587
Change (%)	-44.37%	-28.27%	-5.46%	-
Change	-0.371195	-0.236484	-0.045692	-
Level	Minor	Intermediate	Major	-

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	0.802285	0.877280	0.927445	1.002440	1.052605	1.127600	1.177765
Camarilla	0.943192	0.954665	0.966138	0.977611	0.989084	1.000557	1.012030
Woodie	0.789871	0.871073	0.915031	0.996233	1.040191	1.121393	1.165351
Fibonacci	0.877280	0.925091	0.954629	1.002440	1.050251	1.079789	1.127600

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.451244	0.542295	0.635546	0.726597	0.819848	0.910899	1.004150
Camarilla	0.678114	0.695008	0.711903	0.728797	0.745691	0.762586	0.779480
Woodie	0.452344	0.542845	0.636646	0.727147	0.820948	0.911449	1.005250
Fibonacci	0.542295	0.612698	0.656194	0.726597	0.797000	0.840496	0.910899

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.023250	0.168298	0.355801	0.547349	0.734852	0.926400	1.113903
Camarilla	0.439066	0.473812	0.508559	0.543305	0.578051	0.612798	0.647544
Woodie	-0.025272	0.167287	0.353780	0.546338	0.732831	0.925389	1.111882
Fibonacci	0.168298	0.313095	0.402551	0.547349	0.692146	0.781602	0.926400

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):	58.18
MACD (12,26,9):	0.0787
Directional Movement:	17.410054
AROON (14):	85.714286
DEMA (21):	0.845512
Parabolic SAR (0,02-0,02-0,2):	0.767604
Elder Ray (13):	0.149511
Super Trend (3,10):	0.689964
Zig ZAG (10):	0.834800
VORTEX (21):	1.1041
Stochastique (14,3,5):	70.16
TEMA (21):	0.874602
Williams %R (14):	-49.13
Chande Momentum Oscillator (20):	0.183300
Repulse (5,40,3):	-19.2267
ROCnROLL:	1
TRIX (15,9):	1.4038
Courbe Coppock:	53.38

MA7:	0.821500
MA20:	0.730010
MA50:	0.621272
MA100:	0.459727
MAexp7:	0.841441
MAexp20:	0.748822
MAexp50:	0.629941
MAexp100:	0.519484
Price / MA7:	+1.84%
Price / MA20:	+14.60%
Price / MA50:	+34.66%
Price / MA100:	+81.97%
Price / MAexp7:	-0.58%
Price / MAexp20:	+11.72%
Price / MAexp50:	+32.80%
Price / MAexp100:	+61.04%

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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