BINARYX - BNX/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BNXUSDT
ISIN:

BINARYX - BNX/USDT - 1H - Technical analysis published on 05/12/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

61%

17%

My opinion

Bearish under 0.945119 USDT

My targets

0.916336 USDT (-0.60%)

0.842409 USDT (-8.62%)

My analysis

BINARYX - BNX/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.945119 USDT. The next support located at 0.916336 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.842409 USDT. Below this support, sellers could then target 0.600103 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

Comment on the analysis

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 0.921907 USDT. The price registered a decrease of -1.98% on the session and was traded between 0.921611 USDT and 0.960576 USDT over the period. The price is currently at +0.03% from its lowest and -4.03% from its highest.

0.921611

0.960576

0.921907

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 strongly bearish. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.465392	0.600103	0.916336	0.921907	0.945119	0.989234	1.019615
Change (%)	-49.52%	-34.91%	-0.60%	-	+2.52%	+7.30%	+10.60%
Change	-0.456515	-0.321804	-0.005571	-	+0.023212	+0.067327	+0.097708
Level	Minor	Intermediate	Intermediate	-	Intermediate	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	0.895776	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):	44.42
MACD (12,26,9):	-0.0015
Directional Movement:	8.097749
AROON (14):	-35.714285
DEMA (21):	0.929219
Parabolic SAR (0,02-0,02-0,2):	0.945014
Elder Ray (13):	-0.004397
Super Trend (3,10):	0.947130
Zig ZAG (10):	0.925387
VORTEX (21):	0.9879
Stochastique (14,3,5):	5.82
TEMA (21):	0.928334
Williams %R (14):	-91.12
Chande Momentum Oscillator (20):	-0.017317
Repulse (5,40,3):	-0.4346
ROCnROLL:	2
TRIX (15,9):	0.0067
Courbe Coppock:	1.93

MA7:	0.949789
MA20:	0.960937
MA50:	0.773148
MA100:	0.575013
MAexp7:	0.927521
MAexp20:	0.931005
MAexp50:	0.933185
MAexp100:	0.941289
Price / MA7:	-2.94%
Price / MA20:	-4.06%
Price / MA50:	+19.24%
Price / MA100:	+60.33%
Price / MAexp7:	-0.61%
Price / MAexp20:	-0.98%
Price / MAexp50:	-1.21%
Price / MAexp100:	-2.06%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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