BINARYX - BNX/USDT - 1H - Technical analysis published on 05/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 1.050037 USDT
My targets
0.972353 USDT (-1.78%)
0.920004 USDT (-7.07%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on BINARYX - BNX/USDT as long as the price remains well below 1.050037 USDT. The next bearish objective for sellers is set at 0.972353 USDT. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 0.920004 USDT. If there is any crossing, the next objective would be the support located at 0.894830 USDT. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
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
0
10
4.5
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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 0.990000 USDT. The price registered an increase of +1.02% on the session with the lowest point at 0.980000 USDT and the highest point at 1.100000 USDT. The deviation from the price is +1.02% for the low point and -10.00% for the high point.0.980000
1.100000
0.990000
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BINARYX - BNX/USDT in 1H shows an overall bearish trend. The signals given by moving averages are at 64.29% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.894830 | 0.920004 | 0.972353 | 0.990000 | 1.050037 | 1.099908 |
| Change (%) | -9.61% | -7.07% | -1.78% | - | +6.06% | +11.10% |
| Change | -0.095170 | -0.069996 | -0.017647 | - | +0.060037 | +0.109908 |
| Level | Intermediate | Intermediate | 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 | 0.877000 | 0.913000 | 0.947000 | 0.983000 | 1.017000 | 1.053000 | 1.087000 |
| Camarilla | 0.961000 | 0.967000 | 0.974000 | 0.980000 | 0.986000 | 0.993000 | 0.999000 |
| Woodie | 0.875000 | 0.913000 | 0.945000 | 0.983000 | 1.015000 | 1.053000 | 1.085000 |
| Fibonacci | 0.913000 | 0.940000 | 0.957000 | 0.983000 | 1.010000 | 1.027000 | 1.053000 |
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 | 0.893000 | 0.929000 | 0.964000 | 1.000000 | 1.036000 | 1.072000 | 1.107000 |
| Woodie | 0.415000 | 0.558000 | 0.805000 | 0.948000 | 1.195000 | 1.338000 | 1.585000 |
| Fibonacci | 0.540000 | 0.689000 | 0.781000 | 0.930000 | 1.079000 | 1.171000 | 1.320000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.017000 | 0.263000 | 0.607000 | 0.853000 | 1.197000 | 1.443000 | 1.787000 |
| Camarilla | 0.788000 | 0.842000 | 0.896000 | 0.950000 | 1.004000 | 1.058000 | 1.112000 |
| Woodie | 0.065000 | 0.288000 | 0.655000 | 0.878000 | 1.245000 | 1.468000 | 1.835000 |
| Fibonacci | 0.263000 | 0.489000 | 0.628000 | 0.853000 | 1.079000 | 1.218000 | 1.443000 |
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): | 45.20 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 0.230000 | |
| AROON (14): | 35.710000 | |
| DEMA (21): | 1.020000 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.090000 | |
| Elder Ray (13): | -0.020000 | |
| Super Trend (3,10): | 1.050000 | |
| Zig ZAG (10): | 1.000000 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 14.26 | |
| TEMA (21): | 1.010000 | |
| Williams %R (14): | -94.11 | |
| Chande Momentum Oscillator (20): | -0.010000 | |
| Repulse (5,40,3): | -1.9600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 3.54 |
| MA7: | 0.980000 | |
| MA20: | 0.880000 | |
| MA50: | 0.700000 | |
| MA100: | 0.520000 | |
| MAexp7: | 1.010000 | |
| MAexp20: | 1.010000 | |
| MAexp50: | 1.000000 | |
| MAexp100: | 1.000000 | |
| Price / MA7: | +1.02% | |
| Price / MA20: | +12.50% | |
| Price / MA50: | +41.43% | |
| Price / MA100: | +90.38% | |
| Price / MAexp7: | -1.98% | |
| Price / MAexp20: | -1.98% | |
| Price / MAexp50: | -1.00% | |
| Price / MAexp100: | -1.00% |
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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