BINARYX - BNX/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	BNXUSDT
ISIN:

BINARYX - BNX/USDT - Daily - Technical analysis published on 02/02/2025 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

56%

17%

My opinion

Bearish under 0.316339 USDT

My targets

0.211212 USDT (-7.33%)

0.175459 USDT (-23.02%)

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 0.316339 USDT. The next support located at 0.211212 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 0.175459 USDT. Below this support, sellers could then target 0.092309 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.

In the very short term, technical indicators are neutral, 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 rating is 0.227924 USDT. The price registered a decrease of -1.50% on the session with the lowest point at 0.221546 USDT and the highest point at 0.236580 USDT. The deviation from the price is +2.88% for the low point and -3.66% for the high point.

0.221546

0.236580

0.227924

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of BINARYX - BNX/USDT in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

Three white soldiers

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	0.227924	0.395160	0.757153	1.193489
Change (%)	-	+73.37%	+232.20%	+423.63%
Change	-	+0.167236	+0.529229	+0.965565
Level	-	Minor	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	0.180080	0.204386	0.217884	0.242190	0.255688	0.279994	0.293492
Camarilla	0.220987	0.224452	0.227918	0.231383	0.234848	0.238314	0.241779
Woodie	0.174677	0.201684	0.212481	0.239488	0.250285	0.277292	0.288089
Fibonacci	0.204386	0.218827	0.227749	0.242190	0.256631	0.265553	0.279994

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.153392	0.191042	0.211212	0.248862	0.269032	0.306682	0.326852
Camarilla	0.215483	0.220783	0.226083	0.231383	0.236683	0.241983	0.247284
Woodie	0.144653	0.186672	0.202473	0.244492	0.260293	0.302312	0.318113
Fibonacci	0.191042	0.213129	0.226774	0.248862	0.270949	0.284594	0.306682

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.048571	0.092309	0.175459	0.316339	0.399489	0.540369	0.623519
Camarilla	0.197001	0.217537	0.238073	0.258609	0.279145	0.299681	0.320217
Woodie	-0.077436	0.077877	0.146594	0.301907	0.370624	0.525937	0.594654
Fibonacci	0.092309	0.177889	0.230760	0.316339	0.401919	0.454790	0.540369

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	27.43
MACD (12,26,9):	-0.0423
Directional Movement:	-27.956258
AROON (14):	-100.000000
DEMA (21):	0.229890
Parabolic SAR (0,02-0,02-0,2):	0.271083
Elder Ray (13):	-0.036173
Super Trend (3,10):	0.305358
Zig ZAG (10):	0.224922
VORTEX (21):	0.7608
Stochastique (14,3,5):	7.33
TEMA (21):	0.225040
Williams %R (14):	-96.08
Chande Momentum Oscillator (20):	-0.064021
Repulse (5,40,3):	-16.7807
ROCnROLL:	2
TRIX (15,9):	-1.6673
Courbe Coppock:	52.00

MA7:	0.245701
MA20:	0.291431
MA50:	0.369018
MA100:	0.474964
MAexp7:	0.246810
MAexp20:	0.287141
MAexp50:	0.369567
MAexp100:	0.497971
Price / MA7:	-7.24%
Price / MA20:	-21.79%
Price / MA50:	-38.23%
Price / MA100:	-52.01%
Price / MAexp7:	-7.65%
Price / MAexp20:	-20.62%
Price / MAexp50:	-38.33%
Price / MAexp100:	-54.23%

Quotes : - Real time data - CoinMarketCap

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

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