BNB/USDT – 1H – BUYThe currency pair Binance Coin/Tether (BNB/USDT) moves from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 663.500000000 is likely expected.
Caution: A possible reversal of the trend in the direction of support at should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair is likely to rise.
In addition a ‘Latter Bottom’ candlestick pattern is discovered. The candles show ‘Latter Bottom’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 664.850000000 |
| 2nd High | 664.570000000 |
| Next High | 663.500000000 |
| Current Price | 660.000000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
663.500000000 – 664.570000000 – 664.500000000 – 656.770000000 – 650.210000000 – 656.700000000
Trading Signals: FOREX – BNB – BNB/USDT – USDT – Latter Bottom –