BINARYX - BNX/USDT - 1H - Technical analysis published on 05/11/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 0.945119 USDT
My targets
0.916336 USDT (-1.25%)
0.784130 USDT (-15.49%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.945119 USDT remains possible. It is advisable to trade BINARYX - BNX/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.945119 USDT. The next bearish objective for sellers is set at 0.916336 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. PS: if there is a bullish break in the resistance located at 0.945119 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
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
BINARYX - BNX/USDT rating 0.927893 USDT. The price is lower by -0.06% since the last closing and was between 0.916925 USDT and 0.937648 USDT. This implies that the price is at +1.20% from its lowest and at -1.04% from its highest.0.916925
0.937648
0.927893
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of BINARYX - BNX/USDT indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is slight given the direction of the technical indicators.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
Doji
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 | 0.916336 | 0.927893 | 0.945119 | 0.989234 | 1.019615 |
| Change (%) | -49.84% | -35.33% | -1.25% | - | +1.86% | +6.61% | +9.88% |
| Change | -0.462501 | -0.327790 | -0.011557 | - | +0.017226 | +0.061341 | +0.091722 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | 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 | 0.841895 | 0.872752 | 0.900577 | 0.931434 | 0.959259 | 0.990116 | 1.017941 |
| Camarilla | 0.912264 | 0.917643 | 0.923022 | 0.928401 | 0.933780 | 0.939159 | 0.944539 |
| Woodie | 0.840378 | 0.871994 | 0.899060 | 0.930676 | 0.957742 | 0.989358 | 1.016424 |
| Fibonacci | 0.872752 | 0.895169 | 0.909018 | 0.931434 | 0.953851 | 0.967700 | 0.990116 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.42 | |
| MACD (12,26,9): | -0.0027 | |
| Directional Movement: | -2.515514 | |
| AROON (14): | -21.428571 | |
| DEMA (21): | 0.922244 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.917716 | |
| Elder Ray (13): | 0.001189 | |
| Super Trend (3,10): | 0.945095 | |
| Zig ZAG (10): | 0.926601 | |
| VORTEX (21): | 1.1372 | |
| Stochastique (14,3,5): | 44.77 | |
| TEMA (21): | 0.924150 | |
| Williams %R (14): | -59.03 | |
| Chande Momentum Oscillator (20): | -0.002986 | |
| Repulse (5,40,3): | 0.0666 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0584 | |
| Courbe Coppock: | 0.45 |
| MA7: | 0.953200 | |
| MA20: | 0.956591 | |
| MA50: | 0.763837 | |
| MA100: | 0.568467 | |
| MAexp7: | 0.925320 | |
| MAexp20: | 0.926499 | |
| MAexp50: | 0.934751 | |
| MAexp100: | 0.945794 | |
| Price / MA7: | -2.65% | |
| Price / MA20: | -3.00% | |
| Price / MA50: | +21.48% | |
| Price / MA100: | +63.23% | |
| Price / MAexp7: | +0.28% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | -0.73% | |
| Price / MAexp100: | -1.89% |
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.
About author
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