BINARYX - BNX/USDT - 15 min. - Technical analysis published on 05/07/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
11%
50%
39%
My opinion
Bullish above 0.961850 USDT
My targets
0.988922 USDT (+1.50%)
1.016645 USDT (+4.35%)
My analysis
With a bullish background trend, the price of BINARYX - BNX/USDT is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 0.961850 USDT. A bullish break in the resistance located at 0.988922 USDT would boost the bullish momentum and fuel the basic trend. Then the price could move towards 1.016645 USDT. Then 1.043717 USDT by extension. It would be safer to wait for a bullish break in the resistance located at 0.988922 USDT before allowing yourself to re trade long positions (at purchase) on BINARYX - BNX/USDT. PS: if there is a bearish break in the support located at 0.961850 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0
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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 rating is 0.974297 USDT. The price registered an increase of +1.36% on the session and was between 0.954545 USDT and 1.013857 USDT. This implies that the price is at +2.07% from its lowest and at -3.90% from its highest.0.954545
1.013857
0.974297
Here is a more detailed summary of the historical variations registered by BINARYX - BNX/USDT:
Technical
Technical analysis of this 15 min. chart of BINARYX - BNX/USDT indicates that the overall trend is bullish. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 15 minutes
In fact, only 9 technical indicators out of 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.600103 | 0.894830 | 0.945119 | 0.974297 | 0.989043 | 1.019615 | 1.050468 |
| Change (%) | -38.41% | -8.16% | -2.99% | - | +1.51% | +4.65% | +7.82% |
| Change | -0.374194 | -0.079467 | -0.029178 | - | +0.014746 | +0.045318 | +0.076171 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | Minor |
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 | 0.879332 | 0.907055 | 0.934127 | 0.961850 | 0.988922 | 1.016645 | 1.043717 |
| Camarilla | 0.946130 | 0.951153 | 0.956176 | 0.961199 | 0.966222 | 0.971245 | 0.976268 |
| Woodie | 0.879007 | 0.906892 | 0.933802 | 0.961687 | 0.988597 | 1.016482 | 1.043392 |
| Fibonacci | 0.907055 | 0.927987 | 0.940918 | 0.961850 | 0.982782 | 0.995713 | 1.016645 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.673430 | 0.784130 | 0.878508 | 0.989208 | 1.083586 | 1.194286 | 1.288664 |
| Camarilla | 0.916490 | 0.935288 | 0.954087 | 0.972886 | 0.991685 | 1.010484 | 1.029283 |
| Woodie | 0.665269 | 0.780050 | 0.870347 | 0.985128 | 1.075425 | 1.190206 | 1.280503 |
| Fibonacci | 0.784130 | 0.862470 | 0.910868 | 0.989208 | 1.067548 | 1.115946 | 1.194286 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 47.68 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 1.689622 | |
| AROON (14): | -57.142857 | |
| DEMA (21): | 0.984897 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.001908 | |
| Elder Ray (13): | -0.004792 | |
| Super Trend (3,10): | 1.004491 | |
| Zig ZAG (10): | 0.975228 | |
| VORTEX (21): | 1.0033 | |
| Stochastique (14,3,5): | 18.76 | |
| TEMA (21): | 0.981503 | |
| Williams %R (14): | -89.48 | |
| Chande Momentum Oscillator (20): | -0.025251 | |
| Repulse (5,40,3): | -0.6022 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0564 | |
| Courbe Coppock: | 0.24 |
| MA7: | 0.976185 | |
| MA20: | 0.914353 | |
| MA50: | 0.725973 | |
| MA100: | 0.542274 | |
| MAexp7: | 0.980214 | |
| MAexp20: | 0.983142 | |
| MAexp50: | 0.977831 | |
| MAexp100: | 0.973007 | |
| Price / MA7: | -0.19% | |
| Price / MA20: | +6.56% | |
| Price / MA50: | +34.21% | |
| Price / MA100: | +79.67% | |
| Price / MAexp7: | -0.60% | |
| Price / MAexp20: | -0.90% | |
| Price / MAexp50: | -0.36% | |
| Price / MAexp100: | +0.13% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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