BINARYX - BNX/USDT - 1H - Technical analysis published on 05/12/2024 (GMT)
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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:
Strongly bullish
Underlying:
Neutral
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.916336 USDT
My targets
0.989234 USDT (+4.78%)
1.019615 USDT (+8.00%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for BINARYX - BNX/USDT as long as the price remains well above 0.916336 USDT. The buyers' bullish objective is set at 0.989234 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.019615 USDT. If there is any crossing, the next objective would be the resistance located at 1.098594 USDT.
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
4.1
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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 0.944107 USDT. On the day, this instrument gained +0.38% with the lowest point at 0.940339 USDT and the highest point at 0.960576 USDT. The deviation from the price is +0.40% for the low point and -1.71% for the high point.0.940339
0.960576
0.944107
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 1H chart of BINARYX - BNX/USDT indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.465392 | 0.600103 | 0.916336 | 0.944107 | 0.945119 | 0.989234 | 1.019615 |
| Change (%) | -50.71% | -36.44% | -2.94% | - | +0.11% | +4.78% | +8.00% |
| Change | -0.478715 | -0.344004 | -0.027771 | - | +0.001012 | +0.045127 | +0.075508 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.895776 | 0.906351 | 0.923425 | 0.934000 | 0.951074 | 0.961649 | 0.978723 |
| Camarilla | 0.932897 | 0.935431 | 0.937966 | 0.940500 | 0.943035 | 0.945569 | 0.948104 |
| Woodie | 0.899027 | 0.907976 | 0.926676 | 0.935625 | 0.954325 | 0.963274 | 0.981974 |
| Fibonacci | 0.906351 | 0.916913 | 0.923438 | 0.934000 | 0.944562 | 0.951087 | 0.961649 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.781207 | 0.842409 | 0.891454 | 0.952656 | 1.001701 | 1.062903 | 1.111948 |
| Camarilla | 0.910182 | 0.920288 | 0.930394 | 0.940500 | 0.950606 | 0.960712 | 0.970818 |
| Woodie | 0.775130 | 0.839370 | 0.885377 | 0.949617 | 0.995624 | 1.059864 | 1.105871 |
| Fibonacci | 0.842409 | 0.884523 | 0.910541 | 0.952656 | 0.994770 | 1.020788 | 1.062903 |
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): | 67.83 | |
| MACD (12,26,9): | 0.0050 | |
| Directional Movement: | 22.665704 | |
| AROON (14): | 64.285714 | |
| DEMA (21): | 0.942605 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.934042 | |
| Elder Ray (13): | 0.015000 | |
| Super Trend (3,10): | 0.932200 | |
| Zig ZAG (10): | 0.957249 | |
| VORTEX (21): | 1.2323 | |
| Stochastique (14,3,5): | 81.64 | |
| TEMA (21): | 0.947654 | |
| Williams %R (14): | -30.63 | |
| Chande Momentum Oscillator (20): | 0.014875 | |
| Repulse (5,40,3): | -0.1164 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0348 | |
| Courbe Coppock: | 3.78 |
| MA7: | 0.953216 | |
| MA20: | 0.962322 | |
| MA50: | 0.773702 | |
| MA100: | 0.575289 | |
| MAexp7: | 0.943806 | |
| MAexp20: | 0.935097 | |
| MAexp50: | 0.936286 | |
| MAexp100: | 0.944155 | |
| Price / MA7: | -0.96% | |
| Price / MA20: | -1.89% | |
| Price / MA50: | +22.02% | |
| Price / MA100: | +64.11% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.96% | |
| Price / MAexp50: | +0.84% | |
| Price / MAexp100: | -0.01% |
Quotes :
-
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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