BINARYX - BNX/USDT - Daily - Technical analysis published on 05/09/2024 (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
28%
44%
28%
My opinion
Bullish above 0.850168 USDT
My targets
1.019615 USDT (+6.92%)
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 0.850168 USDT. The buyers' bullish objective is set at 1.019615 USDT. A bullish break in this resistance would boost the bullish momentum. 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 not called into question, despite technical indicators being indecisive.
Force
0
10
5.5
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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 0.953584 USDT. The price registered a decrease of -0.83% on the session and was between 0.949236 USDT and 0.988554 USDT. This implies that the price is at +0.46% from its lowest and at -3.54% from its highest.0.949236
0.988554
0.953584
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of BINARYX - BNX/USDT indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.465392 | 0.600103 | 0.945119 | 0.953584 | 1.019615 |
| Change (%) | -51.20% | -37.07% | -0.89% | - | +6.92% |
| Change | -0.488192 | -0.353481 | -0.008465 | - | +0.066031 |
| Level | Minor | Intermediate | Major | - | 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): | 56.97 | |
| MACD (12,26,9): | 0.0661 | |
| Directional Movement: | 10.397179 | |
| AROON (14): | 21.428571 | |
| DEMA (21): | 1.011532 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.086288 | |
| Elder Ray (13): | 0.020855 | |
| Super Trend (3,10): | 0.692885 | |
| Zig ZAG (10): | 0.951529 | |
| VORTEX (21): | 1.1110 | |
| Stochastique (14,3,5): | 48.16 | |
| TEMA (21): | 1.005084 | |
| Williams %R (14): | -55.84 | |
| Chande Momentum Oscillator (20): | -0.047897 | |
| Repulse (5,40,3): | -5.3772 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 1.5030 | |
| Courbe Coppock: | 23.37 |
| MA7: | 0.965889 | |
| MA20: | 0.935454 | |
| MA50: | 0.745474 | |
| MA100: | 0.555568 | |
| MAexp7: | 0.962045 | |
| MAexp20: | 0.916055 | |
| MAexp50: | 0.777129 | |
| MAexp100: | 0.630384 | |
| Price / MA7: | -1.27% | |
| Price / MA20: | +1.94% | |
| Price / MA50: | +27.92% | |
| Price / MA100: | +71.64% | |
| Price / MAexp7: | -0.88% | |
| Price / MAexp20: | +4.10% | |
| Price / MAexp50: | +22.71% | |
| Price / MAexp100: | +51.27% |
Quotes :
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Real time data
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