BINARYX - BNX/USDT - 15 min. - Technical analysis published on 05/21/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.09 USDT
My targets
1.16 USDT (+1.75%)
1.23 USDT (+7.89%)
My analysis
A bullish trend on BINARYX - BNX/USDT both in substance and in the short term. A purchase could be considered as long as the price remains above 1.09 USDT. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 1.16 USDT. Then the price could move towards 1.23 USDT. Then 1.30 USDT by extension. Be careful, a return below 1.09 USDT would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
6.3
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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 1.14 USDT. The price has increased by +4.59% since the last closing and was between 1.04 USDT and 1.15 USDT. This implies that the price is at +9.62% from its lowest and at -0.87% from its highest.1.04
1.15
1.14
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 15 min. shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative 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.
In fact, 15 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 15 minutes
Horizontal resistance is broken
Type : Bullish
Timeframe : 15 minutes
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.02 | 1.08 | 1.13 | 1.14 | 1.16 |
| Change (%) | -10.53% | -5.26% | -0.88% | - | +1.75% |
| Change | -0.12 | -0.06 | -0.01 | - | +0.02 |
| Level | Major | Intermediate | 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 | 0.88 | 0.95 | 1.02 | 1.09 | 1.16 | 1.23 | 1.30 |
| Camarilla | 1.05 | 1.06 | 1.08 | 1.09 | 1.10 | 1.12 | 1.13 |
| Woodie | 0.88 | 0.95 | 1.02 | 1.09 | 1.16 | 1.23 | 1.30 |
| Fibonacci | 0.95 | 1.00 | 1.04 | 1.09 | 1.14 | 1.18 | 1.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.64 | 0.75 | 0.87 | 0.98 | 1.10 | 1.21 | 1.33 |
| Camarilla | 0.94 | 0.96 | 0.98 | 1.00 | 1.02 | 1.04 | 1.06 |
| Woodie | 0.66 | 0.75 | 0.89 | 0.98 | 1.12 | 1.21 | 1.35 |
| Fibonacci | 0.75 | 0.84 | 0.89 | 0.98 | 1.07 | 1.12 | 1.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.12 | 0.34 | 0.65 | 0.87 | 1.18 | 1.40 | 1.71 |
| Camarilla | 0.80 | 0.85 | 0.90 | 0.95 | 1.00 | 1.05 | 1.10 |
| Woodie | 0.16 | 0.36 | 0.69 | 0.89 | 1.22 | 1.42 | 1.75 |
| Fibonacci | 0.34 | 0.55 | 0.67 | 0.87 | 1.08 | 1.20 | 1.40 |
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): | 58.56 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 25.03 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 1.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.09 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 1.09 | |
| Zig ZAG (10): | 1.14 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 79.72 | |
| TEMA (21): | 1.12 | |
| Williams %R (14): | -12.14 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | 2.8500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 9.05 |
| MA7: | 1.05 | |
| MA20: | 0.98 | |
| MA50: | 0.86 | |
| MA100: | 0.64 | |
| MAexp7: | 1.12 | |
| MAexp20: | 1.10 | |
| MAexp50: | 1.10 | |
| MAexp100: | 1.09 | |
| Price / MA7: | +8.57% | |
| Price / MA20: | +16.33% | |
| Price / MA50: | +32.56% | |
| Price / MA100: | +78.13% | |
| Price / MAexp7: | +1.79% | |
| Price / MAexp20: | +3.64% | |
| Price / MAexp50: | +3.64% | |
| Price / MAexp100: | +4.59% |
Quotes :
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Real time data
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Cryptocompare
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