BINARYX - BNX/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	BNXUSDT
ISIN:

BINARYX - BNX/USDT - Daily - Technical analysis published on 04/22/2024 (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

83%

11%

My opinion

Bullish above 0.754441 USDT

My targets

0.965577 USDT (+10.83%)

1.192258 USDT (+36.85%)

My analysis

BINARYX - BNX/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.754441 USDT. The next resistance located at 0.965577 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.192258 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.6

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 0.871194 USDT. The price has increased by +22.90% since the last closing and was between 0.699632 USDT and 0.884388 USDT. This implies that the price is at +24.52% from its lowest and at -1.49% from its highest.

0.699632

0.884388

0.871194

A study of price movements over other periods shows the following variations:

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

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

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

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Daily chart of BINARYX - BNX/USDT indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	0.350458	0.465392	0.673199	0.871194
Change (%)	-59.77%	-46.58%	-22.73%	-
Change	-0.520736	-0.405802	-0.197995	-
Level	Minor	Minor	Major	-

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.614726	0.655192	0.682038	0.722504	0.749350	0.789816	0.816662
Camarilla	0.690373	0.696544	0.702714	0.708884	0.715054	0.721225	0.727395
Woodie	0.607916	0.651787	0.675228	0.719099	0.742540	0.786411	0.809852
Fibonacci	0.655192	0.680905	0.696791	0.722504	0.748217	0.764103	0.789816

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.451244	0.542295	0.635546	0.726597	0.819848	0.910899	1.004150
Camarilla	0.678114	0.695008	0.711903	0.728797	0.745691	0.762586	0.779480
Woodie	0.452344	0.542845	0.636646	0.727147	0.820948	0.911449	1.005250
Fibonacci	0.542295	0.612698	0.656194	0.726597	0.797000	0.840496	0.910899

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):	65.13
MACD (12,26,9):	0.0553
Directional Movement:	22.885415
AROON (14):	71.428571
DEMA (21):	0.762669
Parabolic SAR (0,02-0,02-0,2):	0.690825
Elder Ray (13):	0.072462
Super Trend (3,10):	0.553986
Zig ZAG (10):	0.872390
VORTEX (21):	1.1248
Stochastique (14,3,5):	70.14
TEMA (21):	0.772678
Williams %R (14):	-3.71
Chande Momentum Oscillator (20):	0.219091
Repulse (5,40,3):	19.6164
ROCnROLL:	1
TRIX (15,9):	1.1541
Courbe Coppock:	29.32

MA7:	0.746086
MA20:	0.688080
MA50:	0.586971
MA100:	0.440990
MAexp7:	0.751158
MAexp20:	0.690724
MAexp50:	0.593475
MAexp100:	0.495011
Price / MA7:	+16.77%
Price / MA20:	+26.61%
Price / MA50:	+48.42%
Price / MA100:	+97.55%
Price / MAexp7:	+15.98%
Price / MAexp20:	+26.13%
Price / MAexp50:	+46.80%
Price / MAexp100:	+75.99%

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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