BINARYX - BNX/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BNXUSDT
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BINARYX - BNX/USDT - 1H - Technical analysis published on 05/03/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bearish

Underlying: Slightly bearish

Technical indicators

17%

44%

39%

My opinion

Bearish under 1.01 USDT

My targets

0.97 USDT (-1.13%)

0.93 USDT (-4.74%)

My analysis

The basic trend is currently slightly bearish on BINARYX - BNX/USDT and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 1.01 USDT, sales could be favoured. The first bearish objective would be located at 0.97 USDT. Sellers would then use the next support located at 0.93 USDT as an objective. Crossing it would then enable sellers to target 0.89 USDT. A return to above the resistance at 1.01 USDT could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

4.1

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 rating is 0.98 USDT. On the day, this instrument gained +2.08% and was traded between 0.95 USDT and 1.02 USDT over the period. The price is currently at +3.16% from its lowest and -3.92% from its highest.

0.95

1.02

0.98

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

Technical

Technical analysis of BINARYX - BNX/USDT in 1H shows an overall slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is not supported by the signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour

In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of triangle

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.89	0.93	0.97	0.98	1.01	1.05	1.10
Change (%)	-8.69%	-4.74%	-1.13%	-	+2.87%	+7.05%	+12.24%
Change	-0.09	-0.05	-0.01	-	+0.03	+0.07	+0.12
Level	Minor	Intermediate	Intermediate	-	Minor	Intermediate	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	0.84	0.89	0.93	0.98	1.02	1.07	1.11
Camarilla	0.94	0.94	0.95	0.96	0.97	0.98	0.99
Woodie	0.83	0.89	0.92	0.98	1.01	1.07	1.10
Fibonacci	0.89	0.93	0.95	0.98	1.02	1.04	1.07

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.38	0.54	0.77	0.93	1.16	1.32	1.55
Camarilla	0.89	0.93	0.96	1.00	1.04	1.07	1.11
Woodie	0.42	0.56	0.81	0.95	1.20	1.34	1.59
Fibonacci	0.54	0.69	0.78	0.93	1.08	1.17	1.32

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.02	0.26	0.61	0.85	1.20	1.44	1.79
Camarilla	0.79	0.84	0.90	0.95	1.00	1.06	1.11
Woodie	0.07	0.29	0.66	0.88	1.25	1.47	1.84
Fibonacci	0.26	0.49	0.63	0.85	1.08	1.22	1.44

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):	45.86
MACD (12,26,9):	0.0000
Directional Movement:	-2.07
AROON (14):	-21.43
DEMA (21):	0.98
Parabolic SAR (0,02-0,02-0,2):	1.02
Elder Ray (13):	-0.01
Super Trend (3,10):	0.95
Zig ZAG (10):	0.98
VORTEX (21):	1.0800
Stochastique (14,3,5):	16.37
TEMA (21):	0.98
Williams %R (14):	-88.11
Chande Momentum Oscillator (20):	-0.03
Repulse (5,40,3):	-0.3000
ROCnROLL:	2
TRIX (15,9):	-0.0100
Courbe Coppock:	1.96

MA7:	0.98
MA20:	0.86
MA50:	0.69
MA100:	0.52
MAexp7:	0.98
MAexp20:	0.99
MAexp50:	0.99
MAexp100:	0.99
Price / MA7:	-0%
Price / MA20:	+13.95%
Price / MA50:	+42.03%
Price / MA100:	+88.46%
Price / MAexp7:	-0%
Price / MAexp20:	-1.01%
Price / MAexp50:	-1.01%
Price / MAexp100:	-1.01%

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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