BNXUSD Hit the Resistance Top. See where to buy next!

13 Feb 2023BinaryX (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 far). On that fractal, it was when the price closed a 1D candle below the 4H MA100 (red trend-line) that started a Channel Up, where all 1D MA50 (blue trend-line) hits have been buy opportunities. You know the pattern if those parameters are fulfilled act accordingly and buy the dip.

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