BINARYX - BNX/USDT - 1H - Technical analysis published on 05/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.93 USDT
My targets
1.05 USDT (+5.88%)
1.10 USDT (+11.10%)
My analysis
The basic trend is currently slightly bullish on BINARYX - BNX/USDT and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 0.93 USDT, purchases could be favourable. The first bullish objective would be the resistance located at 1.05 USDT. Then the price could move towards 1.10 USDT. A return under the support to 0.93 USDT could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.2
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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 0.99 USDT. On the day, this instrument gained +4.21% with the lowest point at 0.93 USDT and the highest point at 1.00 USDT. The deviation from the price is +6.45% for the low point and -1.00% for the high point.0.93
1.00
0.99
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this BINARYX - BNX/USDT chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.83 | 0.89 | 0.93 | 0.99 | 0.99 | 1.05 | 1.10 |
| Change (%) | -15.90% | -9.61% | -5.58% | -0.24% | - | +5.88% | +11.10% |
| Change | -0.16 | -0.10 | -0.06 | +0.00 | - | +0.06 | +0.11 |
| Level | Intermediate | Intermediate | Intermediate | Minor | - | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.77 | 0.84 | 0.90 | 0.97 | 1.03 | 1.10 | 1.16 |
| Camarilla | 0.91 | 0.93 | 0.94 | 0.95 | 0.96 | 0.97 | 0.99 |
| Woodie | 0.76 | 0.84 | 0.89 | 0.97 | 1.02 | 1.10 | 1.15 |
| Fibonacci | 0.84 | 0.89 | 0.92 | 0.97 | 1.02 | 1.05 | 1.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.38 | 0.54 | 0.77 | 0.93 | 1.16 | 1.32 | 1.55 |
| Camarilla | 0.89 | 0.93 | 0.96 | 1.00 | 1.04 | 1.07 | 1.11 |
| Woodie | 0.42 | 0.56 | 0.81 | 0.95 | 1.20 | 1.34 | 1.59 |
| Fibonacci | 0.54 | 0.69 | 0.78 | 0.93 | 1.08 | 1.17 | 1.32 |
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): | 57.64 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | 6.07 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 0.97 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.94 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 0.99 | |
| Zig ZAG (10): | 0.99 | |
| VORTEX (21): | 1.0713 | |
| Stochastique (14,3,5): | 89.21 | |
| TEMA (21): | 0.97 | |
| Williams %R (14): | -13.61 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | 1.6355 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1036 | |
| Courbe Coppock: | 3.97 |
| MA7: | 0.96 | |
| MA20: | 0.83 | |
| MA50: | 0.68 | |
| MA100: | 0.50 | |
| MAexp7: | 0.98 | |
| MAexp20: | 0.97 | |
| MAexp50: | 0.98 | |
| MAexp100: | 0.97 | |
| Price / MA7: | +2.93% | |
| Price / MA20: | +19.86% | |
| Price / MA50: | +45.88% | |
| Price / MA100: | +97.60% | |
| Price / MAexp7: | +1.36% | |
| Price / MAexp20: | +2.07% | |
| Price / MAexp50: | +1.35% | |
| Price / MAexp100: | +1.63% |
Quotes :
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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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