BINARYX - BNX/USDT - 1H - Technical analysis published on 05/09/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 0.972119 USDT
My targets
0.945119 USDT (-0.80%)
0.878508 USDT (-7.79%)
My analysis
BINARYX - BNX/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.972119 USDT. The next support located at 0.945119 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.878508 USDT. Below this support, sellers could then target 0.600103 USDT. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.5
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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 rating is 0.952699 USDT. The price registered a decrease of -0.93% on the session and was traded between 0.949236 USDT and 0.988554 USDT over the period. The price is currently at +0.36% from its lowest and -3.63% from its highest.0.949236
0.988554
0.952699
Here is a more detailed summary of the historical variations registered by BINARYX - BNX/USDT:
Technical
Technical analysis of BINARYX - BNX/USDT in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.465392 | 0.600103 | 0.945119 | 0.952699 | 0.972119 | 0.989435 | 1.019615 |
| Change (%) | -51.15% | -37.01% | -0.80% | - | +2.04% | +3.86% | +7.02% |
| Change | -0.487307 | -0.352596 | -0.007580 | - | +0.019420 | +0.036736 | +0.066916 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | 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 | 0.842377 | 0.879356 | 0.920481 | 0.957460 | 0.998585 | 1.035564 | 1.076689 |
| Camarilla | 0.940126 | 0.947286 | 0.954446 | 0.961605 | 0.968765 | 0.975924 | 0.983084 |
| Woodie | 0.844449 | 0.880393 | 0.922553 | 0.958497 | 1.000657 | 1.036601 | 1.078761 |
| Fibonacci | 0.879356 | 0.909192 | 0.927625 | 0.957460 | 0.987296 | 1.005729 | 1.035564 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.673430 | 0.784130 | 0.878508 | 0.989208 | 1.083586 | 1.194286 | 1.288664 |
| Camarilla | 0.916490 | 0.935288 | 0.954087 | 0.972886 | 0.991685 | 1.010484 | 1.029283 |
| Woodie | 0.665269 | 0.780050 | 0.870347 | 0.985128 | 1.075425 | 1.190206 | 1.280503 |
| Fibonacci | 0.784130 | 0.862470 | 0.910868 | 0.989208 | 1.067548 | 1.115946 | 1.194286 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.005995 | 0.255736 | 0.600427 | 0.850168 | 1.194859 | 1.444600 | 1.789291 |
| Camarilla | 0.781650 | 0.836140 | 0.890629 | 0.945119 | 0.999609 | 1.054098 | 1.108588 |
| Woodie | 0.053471 | 0.279474 | 0.647903 | 0.873906 | 1.242335 | 1.468338 | 1.836767 |
| Fibonacci | 0.255736 | 0.482809 | 0.623095 | 0.850168 | 1.077241 | 1.217527 | 1.444600 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.81 | |
| MACD (12,26,9): | -0.0015 | |
| Directional Movement: | -2.197243 | |
| AROON (14): | -85.714286 | |
| DEMA (21): | 0.960154 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.979392 | |
| Elder Ray (13): | -0.009427 | |
| Super Trend (3,10): | 0.935241 | |
| Zig ZAG (10): | 0.951529 | |
| VORTEX (21): | 1.0660 | |
| Stochastique (14,3,5): | 14.10 | |
| TEMA (21): | 0.959524 | |
| Williams %R (14): | -94.44 | |
| Chande Momentum Oscillator (20): | -0.028703 | |
| Repulse (5,40,3): | -1.5397 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0013 | |
| Courbe Coppock: | 1.37 |
| MA7: | 0.965889 | |
| MA20: | 0.935454 | |
| MA50: | 0.745474 | |
| MA100: | 0.555568 | |
| MAexp7: | 0.958296 | |
| MAexp20: | 0.961853 | |
| MAexp50: | 0.964383 | |
| MAexp100: | 0.968775 | |
| Price / MA7: | -1.37% | |
| Price / MA20: | +1.84% | |
| Price / MA50: | +27.80% | |
| Price / MA100: | +71.48% | |
| Price / MAexp7: | -0.58% | |
| Price / MAexp20: | -0.95% | |
| Price / MAexp50: | -1.21% | |
| Price / MAexp100: | -1.66% |
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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