BNB/USDT – 30M – BUYNext a ‘Double bottom chart pattern’ chart pattern is existing. The chart shows ‘Double bottom chart pattern’. which is a positive pattern signal. The pair is likely to go up.
The combination Binance Coin/Tether (BNB/USDT) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance at 854.000000000 is certain.
Caution: A possible reversal of the trend in the direction of the support level at should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The pair is likely to go up.
Next a ‘Latter Bottom’ candle pattern is discovered. The candles show ‘Latter Bottom’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 869.150000000 |
| 2nd High | 856.680000000 |
| Next High | 854.000000000 |
| Current Price | 854.310000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
854.000000000 – 856.680000000 – 869.150000000 – 848.910000000 – 840.710000000 – 840.000000000 — 54.653541294816 – 58.213354530764
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Latter Bottom – Double bottom chart pattern – –