BinaryX (BNXUSD) is one of the hottest top 100 cap this week and it hit the 181.500 level, which was the High of October 27 2022. Technically we have identified a High Volatility Zone where BNX traded sideways for 2.5 months before the FTX crash.
As you see, the rise since the FTX bottom matches almost perfectly the rise from January 24 2022 to April 01 2022 (so...
BinaryX to re-launch BinaryX DAO to fairly decide the buyback plan with all.
BinaryX token $BNX crashes down -65%.
Stochastic RSI:
Weekly - Oversold/Bearish.
Daily - Oversold/Bearish.
There is uncertainty, hence no clear direction.
Best to watch out for clear trend reversal.
Fundamentals:
Watch out for Dec 13 (Fed data) - The crypto market anticipating a 50bps...
BNX had gone down in price more than other altcoins we may say
We can see a potential here from a risk - reward perspective
Beside a falling wedge pattern and a super sold RSI we can hope from a reversal ,with bitcoin price also making a pause going down
This "bottom" was easily calculated with the FIB tool, not financial advice to buy!
Enjoy your Weekend...
BNX is currently standing at the point where it can be bounce anytime and we could make at least 2x return ...
DISCLAIMER : Invest with Safety and Risk Management . Invest with D.C.A ( Dollar Cost Averaging ) strategy so you Make better returns with Minimize Risk.
Learn D.C.A if you are not aware about it.
Good Luck !
Power of 2x .
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$200...
