BNB/USDT – 30M – BUYThen a ‘Double bottom chart pattern’ chart formation is found. The chart picture shows ‘Double bottom chart pattern’. this is a bullish chart scenario. The currency pair is likely to go up.
The currency pair Binance Coin/Tether (BNB/USDT) breaks through the bearish trendline up.
An ascent up to the next resistance line at 854.000000000 is expected.
Caution: A possible counter-trend in the direction of support at should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish signal. The pair is likely to go up.
Then a ‘Latter Bottom’ candlestick chart pattern is detected. The chart shows ‘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 chance of ‘Latter Bottom’ heading 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 – –