BINARYX - BNX/USDT - 1H - Technical analysis published on 05/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 1.08 USDT
My targets
1.10 USDT (+1.36%)
1.20 USDT (+10.69%)
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 1.08 USDT. The buyers' bullish objective is set at 1.10 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.20 USDT. If there is any crossing, the next objective would be the resistance located at 1.32 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
0
10
7.9
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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 1.08 USDT. The price registered an increase of +8.67% on the session and was between 0.99 USDT and 1.10 USDT. This implies that the price is at +9.91% from its lowest and at -1.81% from its highest.0.99
1.10
1.08
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BINARYX - BNX/USDT in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
Price
S3 | S2 | S1 | Price | |
---|---|---|---|---|
ProTrendLines | 1.02 | 1.04 | 1.08 | 1.08 |
Change (%) | -5.98% | -4.04% | -0.80% | - |
Change | -0.06 | -0.04 | -0.01 | - |
Level | Major | Intermediate | Intermediate | - |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.89 | 0.94 | 0.97 | 1.02 | 1.05 | 1.10 | 1.13 |
Camarilla | 0.98 | 0.98 | 0.99 | 1.00 | 1.01 | 1.01 | 1.02 |
Woodie | 0.88 | 0.93 | 0.96 | 1.01 | 1.04 | 1.09 | 1.12 |
Fibonacci | 0.94 | 0.97 | 0.99 | 1.02 | 1.05 | 1.07 | 1.10 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.65 | 0.75 | 0.87 | 0.97 | 1.10 | 1.20 | 1.32 |
Camarilla | 0.94 | 0.96 | 0.98 | 1.00 | 1.02 | 1.04 | 1.06 |
Woodie | 0.66 | 0.75 | 0.89 | 0.98 | 1.11 | 1.21 | 1.34 |
Fibonacci | 0.75 | 0.84 | 0.89 | 0.97 | 1.06 | 1.11 | 1.20 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 66.34 | |
MACD (12,26,9): | 0.0183 | |
Directional Movement: | 17.01 | |
AROON (14): | 42.86 | |
DEMA (21): | 1.07 | |
Parabolic SAR (0,02-0,02-0,2): | 1.04 | |
Elder Ray (13): | 0.02 | |
Super Trend (3,10): | 1.02 | |
Zig ZAG (10): | 1.09 | |
VORTEX (21): | 1.2448 | |
Stochastique (14,3,5): | 87.78 | |
TEMA (21): | 1.09 | |
Williams %R (14): | -14.69 | |
Chande Momentum Oscillator (20): | 0.09 | |
Repulse (5,40,3): | 0.9267 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.1190 | |
Courbe Coppock: | 17.17 |
MA7: | 1.00 | |
MA20: | 0.97 | |
MA50: | 0.83 | |
MA100: | 0.63 | |
MAexp7: | 1.08 | |
MAexp20: | 1.05 | |
MAexp50: | 1.04 | |
MAexp100: | 1.02 | |
Price / MA7: | +8.44% | |
Price / MA20: | +11.28% | |
Price / MA50: | +29.90% | |
Price / MA100: | +73.46% | |
Price / MAexp7: | +0.35% | |
Price / MAexp20: | +2.91% | |
Price / MAexp50: | +4.33% | |
Price / MAexp100: | +5.95% |
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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