BINARYX - BNX/USDT - 15 min. - Technical analysis published on 05/18/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 1.046958 USDT
My targets
1.073422 USDT (+1.58%)
1.102247 USDT (+4.31%)
My analysis
The bullish trend is currently very strong on BINARYX - BNX/USDT. As long as the price remains above the support at 1.046958 USDT, you could try to benefit from the boom. The first bullish objective is located at 1.073422 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.102247 USDT as an objective. Crossing it would then enable buyers to target 1.128711 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7
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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 1.056700 USDT. The price registered an increase of +1.16% on the session and was traded between 1.042720 USDT and 1.069281 USDT over the period. The price is currently at +1.34% from its lowest and -1.18% from its highest.1.042720
1.069281
1.056700
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BINARYX - BNX/USDT in 15 min. shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 7 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.960958 | 1.019615 | 1.040617 | 1.056700 | 1.075783 |
| Change (%) | -9.06% | -3.51% | -1.52% | - | +1.81% |
| Change | -0.095742 | -0.037085 | -0.016083 | - | +0.019083 |
| Level | Intermediate | Major | Intermediate | - | Intermediate |
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 | 0.962844 | 0.991669 | 1.018133 | 1.046958 | 1.073422 | 1.102247 | 1.128711 |
| Camarilla | 1.029393 | 1.034461 | 1.039529 | 1.044597 | 1.049665 | 1.054733 | 1.059802 |
| Woodie | 0.961664 | 0.991079 | 1.016953 | 1.046368 | 1.072242 | 1.101657 | 1.127531 |
| Fibonacci | 0.991669 | 1.012789 | 1.025838 | 1.046958 | 1.068078 | 1.081127 | 1.102247 |
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): | 52.81 | |
| MACD (12,26,9): | 0.0029 | |
| Directional Movement: | 5.863293 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 1.059018 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.051066 | |
| Elder Ray (13): | -0.000877 | |
| Super Trend (3,10): | 1.052382 | |
| Zig ZAG (10): | 1.055800 | |
| VORTEX (21): | 1.0953 | |
| Stochastique (14,3,5): | 64.41 | |
| TEMA (21): | 1.060576 | |
| Williams %R (14): | -51.13 | |
| Chande Momentum Oscillator (20): | 0.004400 | |
| Repulse (5,40,3): | -0.6353 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0293 | |
| Courbe Coppock: | 1.10 |
| MA7: | 0.985300 | |
| MA20: | 0.973795 | |
| MA50: | 0.826064 | |
| MA100: | 0.617914 | |
| MAexp7: | 1.058907 | |
| MAexp20: | 1.055513 | |
| MAexp50: | 1.052091 | |
| MAexp100: | 1.046812 | |
| Price / MA7: | +7.25% | |
| Price / MA20: | +8.51% | |
| Price / MA50: | +27.92% | |
| Price / MA100: | +71.01% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.44% | |
| Price / MAexp100: | +0.94% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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