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 bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 0.945119 USDT
My targets
0.916336 USDT (-0.91%)
0.842409 USDT (-8.91%)
My analysis
The bearish trend is currently very strong for BINARYX - BNX/USDT. As long as the price remains below the resistance at 0.945119 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.916336 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.842409 USDT as an objective. Crossing it would then enable sellers to target 0.600103 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.1
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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 rating is 0.924793 USDT. The price is lower by -1.67% since the last closing and was between 0.924301 USDT and 0.960576 USDT. This implies that the price is at +0.05% from its lowest and at -3.73% from its highest.0.924301
0.960576
0.924793
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 BINARYX - BNX/USDT in 1H shows a overall strongly bearish trend. 89.29% 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.
The probability of a further decline is moderate given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
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 | 0.924793 | 0.945119 | 0.989234 | 1.019615 |
| Change (%) | -49.68% | -35.11% | -0.91% | - | +2.20% | +6.97% | +10.25% |
| Change | -0.459401 | -0.324690 | -0.008457 | - | +0.020326 | +0.064441 | +0.094822 |
| 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): | 43.63 | |
| MACD (12,26,9): | 0.0011 | |
| Directional Movement: | 4.457035 | |
| AROON (14): | 64.285714 | |
| DEMA (21): | 0.935355 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.958656 | |
| Elder Ray (13): | -0.009180 | |
| Super Trend (3,10): | 0.950430 | |
| Zig ZAG (10): | 0.924697 | |
| VORTEX (21): | 1.0123 | |
| Stochastique (14,3,5): | 16.56 | |
| TEMA (21): | 0.937172 | |
| Williams %R (14): | -93.73 | |
| Chande Momentum Oscillator (20): | -0.004908 | |
| Repulse (5,40,3): | -1.6277 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0365 | |
| Courbe Coppock: | 1.66 |
| MA7: | 0.949803 | |
| MA20: | 0.960973 | |
| MA50: | 0.773162 | |
| MA100: | 0.575020 | |
| MAexp7: | 0.933797 | |
| MAexp20: | 0.934709 | |
| MAexp50: | 0.935047 | |
| MAexp100: | 0.943064 | |
| Price / MA7: | -2.63% | |
| Price / MA20: | -3.76% | |
| Price / MA50: | +19.61% | |
| Price / MA100: | +60.83% | |
| Price / MAexp7: | -0.96% | |
| Price / MAexp20: | -1.06% | |
| Price / MAexp50: | -1.10% | |
| Price / MAexp100: | -1.94% |
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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