BINARYX - BNX/USDT - 1H - Technical analysis published on 04/27/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
39%
22%
My opinion
Bullish above 0.955336 USDT
My targets
1.010124 USDT (+3.06%)
1.046846 USDT (+6.81%)
My analysis
The bullish trend is currently very strong on BINARYX - BNX/USDT. As long as the price remains above the support at 0.955336 USDT, you could try to benefit from the boom. The first bullish objective is located at 1.010124 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.046846 USDT as an objective. Crossing it would then enable buyers to target 1.077434 USDT. 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.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.1
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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 0.980099 USDT. On the day, this instrument lost -0.87% with the lowest point at 0.966764 USDT and the highest point at 1.010961 USDT. The deviation from the price is +1.38% for the low point and -3.05% for the high point.0.966764
1.010961
0.980099
Here is a more detailed summary of the historical variations registered by BINARYX - BNX/USDT:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of BINARYX - BNX/USDT in 1H 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.790895 | 0.886329 | 0.955336 | 0.980099 | 1.010124 | 1.046846 | 1.077434 |
| Change (%) | -19.30% | -9.57% | -2.53% | - | +3.06% | +6.81% | +9.93% |
| Change | -0.189204 | -0.093770 | -0.024763 | - | +0.030025 | +0.066747 | +0.097335 |
| Level | Major | Minor | Minor | - | Minor | 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 | 0.602138 | 0.718059 | 0.853377 | 0.969298 | 1.104616 | 1.220537 | 1.355855 |
| Camarilla | 0.919605 | 0.942636 | 0.965666 | 0.988696 | 1.011726 | 1.034757 | 1.057787 |
| Woodie | 0.611838 | 0.722908 | 0.863077 | 0.974147 | 1.114316 | 1.225386 | 1.365555 |
| Fibonacci | 0.718059 | 0.814032 | 0.873324 | 0.969298 | 1.065271 | 1.124563 | 1.220537 |
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 | 0.032745 | 0.213094 | 0.378199 | 0.558548 | 0.723653 | 0.904002 | 1.069107 |
| Camarilla | 0.448305 | 0.479972 | 0.511638 | 0.543305 | 0.574972 | 0.606638 | 0.638305 |
| Woodie | 0.025124 | 0.209283 | 0.370578 | 0.554737 | 0.716032 | 0.900191 | 1.061486 |
| Fibonacci | 0.213094 | 0.345057 | 0.426584 | 0.558548 | 0.690511 | 0.772038 | 0.904002 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 56.04 | |
| MACD (12,26,9): | 0.0166 | |
| Directional Movement: | 8.266284 | |
| AROON (14): | 28.571429 | |
| DEMA (21): | 1.001787 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.043060 | |
| Elder Ray (13): | 0.006681 | |
| Super Trend (3,10): | 0.958707 | |
| Zig ZAG (10): | 0.993912 | |
| VORTEX (21): | 1.1603 | |
| Stochastique (14,3,5): | 29.09 | |
| TEMA (21): | 1.011190 | |
| Williams %R (14): | -77.67 | |
| Chande Momentum Oscillator (20): | -0.038200 | |
| Repulse (5,40,3): | -0.1691 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3218 | |
| Courbe Coppock: | 7.11 |
| MA7: | 0.903539 | |
| MA20: | 0.763111 | |
| MA50: | 0.645439 | |
| MA100: | 0.473747 | |
| MAexp7: | 0.992524 | |
| MAexp20: | 0.977653 | |
| MAexp50: | 0.957852 | |
| MAexp100: | 0.926943 | |
| Price / MA7: | +8.47% | |
| Price / MA20: | +28.43% | |
| Price / MA50: | +51.85% | |
| Price / MA100: | +106.88% | |
| Price / MAexp7: | -1.26% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | +2.31% | |
| Price / MAexp100: | +5.72% |
Quotes :
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Real time data
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