BINARYX - BNX/USDT - 1H - Technical analysis published on 05/02/2024 (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
56%
0%
44%
My opinion
Bullish above 0.998367 USDT
My targets
1.026718 USDT (+0.77%)
1.048655 USDT (+2.93%)
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 0.998367 USDT. The next resistance located at 1.026718 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.048655 USDT. After this resistance, buyers could then target 1.099908 USDT. 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.3
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This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BINARYX - BNX/USDT rating 1.018848 USDT. On the day, this instrument lost -0.08% and was traded between 0.988726 USDT and 1.043197 USDT over the period. The price is currently at +3.05% from its lowest and -2.33% from its highest.0.988726
1.043197
1.018848
Here is a more detailed summary of the historical variations registered by BINARYX - BNX/USDT:
Technical
Technical analysis of this 1H chart of BINARYX - BNX/USDT indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.894830 | 0.933505 | 0.998367 | 1.018848 | 1.026718 | 1.048655 | 1.099908 |
| Change (%) | -12.17% | -8.38% | -2.01% | - | +0.77% | +2.93% | +7.96% |
| Change | -0.124018 | -0.085343 | -0.020481 | - | +0.007870 | +0.029807 | +0.081060 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Major | Minor |
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 | 0.856667 | 0.893333 | 0.956667 | 0.993333 | 1.056667 | 1.093333 | 1.156667 |
| Camarilla | 0.992500 | 1.001667 | 1.010833 | 1.020000 | 1.029167 | 1.038333 | 1.047500 |
| Woodie | 0.870000 | 0.900000 | 0.970000 | 1.000000 | 1.070000 | 1.100000 | 1.170000 |
| Fibonacci | 0.893333 | 0.931533 | 0.955133 | 0.993333 | 1.031533 | 1.055133 | 1.093333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.380000 | 0.540000 | 0.770000 | 0.930000 | 1.160000 | 1.320000 | 1.550000 |
| Camarilla | 0.892750 | 0.928500 | 0.964250 | 1.000000 | 1.035750 | 1.071500 | 1.107250 |
| Woodie | 0.415000 | 0.557500 | 0.805000 | 0.947500 | 1.195000 | 1.337500 | 1.585000 |
| Fibonacci | 0.540000 | 0.688980 | 0.781020 | 0.930000 | 1.078980 | 1.171020 | 1.320000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.016667 | 0.263333 | 0.606667 | 0.853333 | 1.196667 | 1.443333 | 1.786667 |
| Camarilla | 0.787750 | 0.841833 | 0.895917 | 0.950000 | 1.004083 | 1.058167 | 1.112250 |
| Woodie | 0.065000 | 0.287500 | 0.655000 | 0.877500 | 1.245000 | 1.467500 | 1.835000 |
| Fibonacci | 0.263333 | 0.488713 | 0.627953 | 0.853333 | 1.078713 | 1.217953 | 1.443333 |
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): | 57.72 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 4.490000 | |
| AROON (14): | 71.430000 | |
| DEMA (21): | 1.020000 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.990000 | |
| Elder Ray (13): | 0.005000 | |
| Super Trend (3,10): | 0.980000 | |
| Zig ZAG (10): | 1.020000 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 67.06 | |
| TEMA (21): | 1.030000 | |
| Williams %R (14): | -40.73 | |
| Chande Momentum Oscillator (20): | 0.020000 | |
| Repulse (5,40,3): | 0.3200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 6.64 |
| MA7: | 0.990000 | |
| MA20: | 0.850000 | |
| MA50: | 0.690000 | |
| MA100: | 0.510000 | |
| MAexp7: | 1.020000 | |
| MAexp20: | 1.010000 | |
| MAexp50: | 0.990000 | |
| MAexp100: | 0.990000 | |
| Price / MA7: | +2.91% | |
| Price / MA20: | +19.86% | |
| Price / MA50: | +47.66% | |
| Price / MA100: | +99.77% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.99% | |
| Price / MAexp50: | +3.03% | |
| Price / MAexp100: | +3.03% |
Quotes :
-
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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