Let's look at a short-term move based on a simple chart pattern and several classic signals.
BinaryX vs Bitcoin | BNXBTC
— We have a descending triangle as consolidation already breaking bullish.
That's the pattern.
— Rising volume.
— Trading daily above EMA10 and EMA21.
— Bullish RSI.
— Altcoins market bullish.
These are the classic signals.
All these...
BNX may also start to recover after a big downfall
BNX was very overpriced (since it started to grow in 2022).
Although it did had a critical dump in the past... is managed to recover.
I don't like to call bottoms. But this looks like a bottom to me.
If you have any questions please leave a comment bellow.
Binary X is about to regain 50MA and seems ready to leg up towards 100EMA resistance.
⚡️⚡️ #BNX/BTC ⚡️⚡️
Exchanges: Binance
Signal Type: Regular (Long)
Amount: 4.9%
Current Price:
0.00000856
Entry Targets:
1) 0.00000853
Take-Profit Targets:
1) 0.00001290
Stop Targets:
1) 0.00000678
Published By: @Zblaba
$BNX #BNXBTC #BinaryX #BSC #P2E
Risk/Reward=...
BNX/BTC technical indicators:
1/ ema12 is about to cross up ema26 => Short term up trend
2/ ema200 is going up => long term up trend
3/ MACD already cross up Signal and MACD is about to cross up zero line.
4/ RSI14 is above 50 (buyer in control)
5/ Stoch RSI fast above slow => RSI is going up
Action: Buy now
TP: 0.006927 (20%)
