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 05/18/2024 (GMT)

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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

61%

17%

22%

My opinion

Bullish above 0.85 USDT

My targets

1.20 USDT (+19.67%)

1.44 USDT (+44.34%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BINARYX - BNX/USDT as long as the price remains well above 0.85 USDT. The buyers' bullish objective is set at 1.20 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.44 USDT. If there is any crossing, the next objective would be the resistance located at 1.79 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.5

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 1.00 USDT. The price registered a decrease of -4.27% on the session and was traded between 0.99 USDT and 1.07 USDT over the period. The price is currently at +0.62% from its lowest and -6.49% from its highest.

0.99

1.07

1.00

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

A technical analysis in Daily of this BINARYX - BNX/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	0.28	0.60	0.79	1.00	1.02
Change (%)	-71.74%	-39.99%	-20.91%	-	+1.96%
Change	-0.72	-0.40	-0.21	-	+0.02
Level	Intermediate	Minor	Minor	-	Major

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	0.96	0.99	1.02	1.05	1.07	1.10	1.13
Camarilla	1.03	1.03	1.04	1.04	1.05	1.05	1.06
Woodie	0.96	0.99	1.02	1.05	1.07	1.10	1.13
Fibonacci	0.99	1.01	1.03	1.05	1.07	1.08	1.10

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.78	0.84	0.89	0.95	1.00	1.06	1.11
Camarilla	0.91	0.92	0.93	0.94	0.95	0.96	0.97
Woodie	0.78	0.84	0.89	0.95	1.00	1.06	1.11
Fibonacci	0.84	0.88	0.91	0.95	0.99	1.02	1.06

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):	57.75
MACD (12,26,9):	0.0458
Directional Movement:	8.33
AROON (14):	-64.29
DEMA (21):	1.02
Parabolic SAR (0,02-0,02-0,2):	0.87
Elder Ray (13):	0.06
Super Trend (3,10):	0.81
Zig ZAG (10):	1.00
VORTEX (21):	1.0114
Stochastique (14,3,5):	70.31
TEMA (21):	1.00
Williams %R (14):	-34.90
Chande Momentum Oscillator (20):	0.04
Repulse (5,40,3):	-4.3041
ROCnROLL:	1
TRIX (15,9):	0.8462
Courbe Coppock:	2.10

MA7:	0.98
MA20:	0.97
MA50:	0.82
MA100:	0.62
MAexp7:	0.99
MAexp20:	0.95
MAexp50:	0.84
MAexp100:	0.69
Price / MA7:	+2.31%
Price / MA20:	+3.01%
Price / MA50:	+21.23%
Price / MA100:	+61.99%
Price / MAexp7:	+0.95%
Price / MAexp20:	+5.00%
Price / MAexp50:	+19.62%
Price / MAexp100:	+45.70%

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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