BINARYX - BNX/USDT - 1H - Technical analysis published on 05/09/2024 (GMT)
- 113
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 0.972119 USDT
My targets
0.878508 USDT (-7.55%)
0.784130 USDT (-17.49%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BINARYX - BNX/USDT as long as the price remains well below 0.972119 USDT. The sellers' bearish objective is set at 0.878508 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.784130 USDT. In case of crossing, the next objective would be the support located at 0.600103 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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 0.950295 USDT. The price registered a decrease of -1.18% on the session and was between 0.936826 USDT and 0.988554 USDT. This implies that the price is at +1.44% from its lowest and at -3.87% from its highest.0.936826
0.988554
0.950295
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. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 6 are neutral and 8 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
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:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.465392 | 0.600103 | 0.945119 | 0.950295 | 0.972119 | 0.989435 | 1.019615 |
| Change (%) | -51.03% | -36.85% | -0.54% | - | +2.30% | +4.12% | +7.29% |
| Change | -0.484903 | -0.350192 | -0.005176 | - | +0.021824 | +0.039140 | +0.069320 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.842377 | 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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 45.42 | |
| MACD (12,26,9): | -0.0048 | |
| Directional Movement: | -0.511878 | |
| AROON (14): | -50.000000 | |
| DEMA (21): | 0.947617 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.954633 | |
| Elder Ray (13): | -0.000271 | |
| Super Trend (3,10): | 0.935241 | |
| Zig ZAG (10): | 0.949194 | |
| VORTEX (21): | 0.9682 | |
| Stochastique (14,3,5): | 26.77 | |
| TEMA (21): | 0.945002 | |
| Williams %R (14): | -69.72 | |
| Chande Momentum Oscillator (20): | -0.012364 | |
| Repulse (5,40,3): | 0.0912 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0524 | |
| Courbe Coppock: | 4.04 |
| MA7: | 0.965587 | |
| MA20: | 0.935170 | |
| MA50: | 0.745364 | |
| MA100: | 0.555516 | |
| MAexp7: | 0.947914 | |
| MAexp20: | 0.953341 | |
| MAexp50: | 0.959480 | |
| MAexp100: | 0.965583 | |
| Price / MA7: | -1.58% | |
| Price / MA20: | +1.62% | |
| Price / MA50: | +27.49% | |
| Price / MA100: | +71.07% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | -0.32% | |
| Price / MAexp50: | -0.96% | |
| Price / MAexp100: | -1.58% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis BINARYX - BNX/USDT - 1H