BINARYX - BNX/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Change:	-
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Type:	Cryptocurrencies
Ticker:	BNXUSDT
ISIN:

BINARYX - BNX/USDT - Daily - Technical analysis published on 02/03/2025 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

89%

My opinion

Bearish under 0.175459 USDT

My targets

0.153392 USDT (-8.04%)

0.092309 USDT (-44.66%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BINARYX - BNX/USDT as long as the price remains well below 0.175459 USDT. The sellers' bearish objective is set at 0.153392 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.092309 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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

8.8

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 0.166812 USDT. The price registered a decrease of -7.60% on the session and was between 0.143475 USDT and 0.181558 USDT. This implies that the price is at +16.27% from its lowest and at -8.12% from its highest.

0.143475

0.181558

0.166812

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

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 (5 years)

Type : Bearish

Timeframe : Weekly

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. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals 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, 16 technical indicators on 18 studied are currently positioned 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:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

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 this inversion signal that could impact the current short-term trend:

Black hanging man / hammer

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	0.166812	0.395160	0.757153	1.193489
Change (%)	-	+136.89%	+353.90%	+615.47%
Change	-	+0.228348	+0.590341	+1.026677
Level	-	Minor	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.096507	0.135733	0.158129	0.197355	0.219751	0.258977	0.281373
Camarilla	0.163580	0.169229	0.174877	0.180526	0.186175	0.191823	0.197472
Woodie	0.088093	0.131526	0.149715	0.193148	0.211337	0.254770	0.272959
Fibonacci	0.135733	0.159272	0.173815	0.197355	0.220894	0.235437	0.258977

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):	20.64
MACD (12,26,9):	-0.0498
Directional Movement:	-40.058422
AROON (14):	-100.000000
DEMA (21):	0.207085
Parabolic SAR (0,02-0,02-0,2):	0.267238
Elder Ray (13):	-0.083037
Super Trend (3,10):	0.255185
Zig ZAG (10):	0.165514
VORTEX (21):	0.7080
Stochastique (14,3,5):	6.90
TEMA (21):	0.195865
Williams %R (14):	-85.53
Chande Momentum Oscillator (20):	-0.115939
Repulse (5,40,3):	-37.2037
ROCnROLL:	2
TRIX (15,9):	-1.7725
Courbe Coppock:	62.49

MA7:	0.225286
MA20:	0.279367
MA50:	0.360813
MA100:	0.469882
MAexp7:	0.218162
MAexp20:	0.271519
MAexp50:	0.359799
MAexp100:	0.490401
Price / MA7:	-25.96%
Price / MA20:	-40.29%
Price / MA50:	-53.77%
Price / MA100:	-64.50%
Price / MAexp7:	-23.54%
Price / MAexp20:	-38.56%
Price / MAexp50:	-53.64%
Price / MAexp100:	-65.98%

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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