BINARYX - BNX/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BNXUSDT
ISIN:

BINARYX - BNX/USDT - 1H - Technical analysis published on 04/26/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Neutral

Underlying: Slightly bullish

Technical indicators

67%

33%

My opinion

Neutral between 0.886977 USDT and 0.910899 USDT

My targets

My analysis

The neutral short-term trend shows a weakening of the basic, slightly bullish trend on BINARYX - BNX/USDT. It is difficult to advise a trading direction under these conditions. The first resistance is located at 0.910899 USDT. The first support is located at 0.886977 USDT. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.

Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.

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 0.903070 USDT. On the day, this instrument gained +6.69% and was between 0.833979 USDT and 0.919131 USDT. This implies that the price is at +8.28% from its lowest and at -1.75% from its highest.

0.833979

0.919131

0.903070

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

Abnormal volumes on BINARYX - BNX/USDT were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in 1H of this BINARYX - BNX/USDT chart shows a slightly bullish trend. Only 46.43% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour

The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.696995	0.790895	0.886977	0.903070	0.955336	1.046718	1.077434
Change (%)	-22.82%	-12.42%	-1.78%	-	+5.79%	+15.91%	+19.31%
Change	-0.206075	-0.112175	-0.016093	-	+0.052266	+0.143648	+0.174364
Level	Intermediate	Major	Intermediate	-	Minor	Intermediate	Intermediate

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	0.555825	0.694218	0.770315	0.908708	0.984805	1.123198	1.199295
Camarilla	0.787427	0.807089	0.826750	0.846412	0.866074	0.885735	0.905397
Woodie	0.524677	0.678644	0.739167	0.893134	0.953657	1.107624	1.168147
Fibonacci	0.694218	0.776153	0.826773	0.908708	0.990643	1.041263	1.123198

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	0.004639	0.190608	0.366957	0.552926	0.729275	0.915244	1.091593
Camarilla	0.443668	0.476880	0.510093	0.543305	0.576518	0.609730	0.642943
Woodie	-0.000172	0.188203	0.362146	0.550521	0.724464	0.912839	1.086782
Fibonacci	0.190608	0.329014	0.414521	0.552926	0.691332	0.776839	0.915244

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):	51.35
MACD (12,26,9):	-0.0112
Directional Movement:	-1.941879
AROON (14):	71.428571
DEMA (21):	0.878206
Parabolic SAR (0,02-0,02-0,2):	0.847107
Elder Ray (13):	0.014914
Super Trend (3,10):	0.944972
Zig ZAG (10):	0.898556
VORTEX (21):	0.7975
Stochastique (14,3,5):	80.05
TEMA (21):	0.879737
Williams %R (14):	-26.66
Chande Momentum Oscillator (20):	0.036405
Repulse (5,40,3):	-0.7781
ROCnROLL:	-1
TRIX (15,9):	-0.3582
Courbe Coppock:	4.22

MA7:	0.852197
MA20:	0.743119
MA50:	0.631873
MA100:	0.465988
MAexp7:	0.895275
MAexp20:	0.899418
MAexp50:	0.917616
MAexp100:	0.897528
Price / MA7:	+5.97%
Price / MA20:	+21.52%
Price / MA50:	+42.92%
Price / MA100:	+93.80%
Price / MAexp7:	+0.87%
Price / MAexp20:	+0.41%
Price / MAexp50:	-1.59%
Price / MAexp100:	+0.62%

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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