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 05/02/2024 (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

78%

22%

My opinion

Bullish above 0.853333 USDT

My targets

1.160000 USDT (+12.79%)

1.196667 USDT (+16.36%)

My analysis

The bullish trend is currently very strong on BINARYX - BNX/USDT. As long as the price remains above the support at 0.853333 USDT, you could try to benefit from the boom. The first bullish objective is located at 1.160000 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.196667 USDT as an objective. Crossing it would then enable buyers to target 1.443333 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.6

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 1.028440 USDT. On the day, this instrument gained +0.87% with the lowest point at 0.988726 USDT and the highest point at 1.043283 USDT. The deviation from the price is +4.02% for the low point and -1.42% for the high point.

0.988726

1.043283

1.028440

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of this Daily chart of BINARYX - BNX/USDT indicates that the overall trend is strongly bullish. 92.86% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	0.465392	0.600103	0.790895	1.028440
Change (%)	-54.75%	-41.65%	-23.10%	-
Change	-0.563048	-0.428337	-0.237545	-
Level	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	0.856667	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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	63.88
MACD (12,26,9):	0.1000
Directional Movement:	13.490000
AROON (14):	71.430000
DEMA (21):	1.000000
Parabolic SAR (0,02-0,02-0,2):	0.920000
Elder Ray (13):	0.085000
Super Trend (3,10):	0.690000
Zig ZAG (10):	1.040000
VORTEX (21):	1.1200
Stochastique (14,3,5):	76.78
TEMA (21):	1.040000
Williams %R (14):	-13.86
Chande Momentum Oscillator (20):	0.310000
Repulse (5,40,3):	7.4400
ROCnROLL:	1
TRIX (15,9):	1.8700
Courbe Coppock:	78.87

MA7:	0.990000
MA20:	0.850000
MA50:	0.690000
MA100:	0.510000
MAexp7:	0.980000
MAexp20:	0.870000
MAexp50:	0.720000
MAexp100:	0.580000
Price / MA7:	+3.88%
Price / MA20:	+20.99%
Price / MA50:	+49.05%
Price / MA100:	+101.65%
Price / MAexp7:	+4.94%
Price / MAexp20:	+18.21%
Price / MAexp50:	+42.84%
Price / MAexp100:	+77.32%

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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