BINARYX - BNX/USDT

- USDT (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	BNXUSDT
ISIN:

BINARYX - BNX/USDT - Daily - Technical analysis published on 04/19/2024 (GMT)

Londinia

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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

78%

17%

My opinion

Bullish above 0.673199 USDT

My targets

0.789153 USDT (+0.27%)

0.965577 USDT (+22.69%)

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 0.673199 USDT. The buyers' bullish objective is set at 0.789153 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.965577 USDT. If there is any crossing, the next objective would be the resistance located at 1.192258 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

Force

8.4

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

BINARYX - BNX/USDT rating 0.786999 USDT. The price is lower by -0.49% since the last closing with the lowest point at 0.785583 USDT and the highest point at 0.795895 USDT. The deviation from the price is +0.18% for the low point and -1.12% for the high point.

0.785583

0.795895

0.786999

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by BINARYX - BNX/USDT:

The study of the highest / lowest by the Central Records scanner shows the following results:

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

Abnormal volumes on BINARYX - BNX/USDT were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of BINARYX - BNX/USDT in Daily shows a strongly overall 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
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

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

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

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Bearish harami

Type : Bearish

Timeframe : Daily

Doji

Type : Neutral

Timeframe : Daily

Bearish harami cross

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	0.350458	0.465392	0.673199	0.786999
Change (%)	-55.47%	-40.86%	-14.46%	-
Change	-0.436541	-0.321607	-0.113800	-
Level	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	0.565286	0.621109	0.706002	0.761825	0.846718	0.902541	0.987434
Camarilla	0.752198	0.765097	0.777996	0.790895	0.803794	0.816693	0.829592
Woodie	0.579821	0.628377	0.720537	0.769093	0.861253	0.909809	1.001969
Fibonacci	0.621109	0.674863	0.708072	0.761825	0.815579	0.848788	0.902541

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.505473	0.546578	0.600033	0.641138	0.694593	0.735698	0.789153
Camarilla	0.627484	0.636152	0.644820	0.653488	0.662156	0.670824	0.679492
Woodie	0.511648	0.549666	0.606208	0.644226	0.700768	0.738786	0.795328
Fibonacci	0.546578	0.582700	0.605016	0.641138	0.677260	0.699576	0.735698

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.121193	0.089943	0.316624	0.527760	0.754441	0.965577	1.192258
Camarilla	0.422905	0.463039	0.503172	0.543305	0.583438	0.623572	0.663705
Woodie	-0.113421	0.093829	0.324397	0.531646	0.762214	0.969463	1.200031
Fibonacci	0.089943	0.257189	0.360514	0.527760	0.695006	0.798331	0.965577

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):	64.29
MACD (12,26,9):	0.0554
Directional Movement:	14.965161
AROON (14):	42.857143
DEMA (21):	0.741858
Parabolic SAR (0,02-0,02-0,2):	0.661317
Elder Ray (13):	0.091677
Super Trend (3,10):	0.573025
Zig ZAG (10):	0.791396
VORTEX (21):	1.1561
Stochastique (14,3,5):	72.34
TEMA (21):	0.752359
Williams %R (14):	-12.37
Chande Momentum Oscillator (20):	0.116012
Repulse (5,40,3):	4.8547
ROCnROLL:	1
TRIX (15,9):	1.1906
Courbe Coppock:	29.51

MA7:	0.723424
MA20:	0.656434
MA50:	0.563843
MA100:	0.427746
MAexp7:	0.731314
MAexp20:	0.670900
MAexp50:	0.574646
MAexp100:	0.480019
Price / MA7:	+8.79%
Price / MA20:	+19.89%
Price / MA50:	+39.58%
Price / MA100:	+83.99%
Price / MAexp7:	+7.61%
Price / MAexp20:	+17.30%
Price / MAexp50:	+36.95%
Price / MAexp100:	+63.95%

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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