BNB/USDT – 1H – BUYThe currency pair Binance Coin/Tether (BNB/USDT) breaks through the bearish trendline up.
A bullish ascent up to the next resistance at 939.990000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at could happen.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The currency pair could go up.
Then a ‘%K crosses above %D’ indicator layout is discovered. The indicator shows ‘%K crosses above %D’. which could be a positive chart signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 951.4792 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 939.990000000 could happen.
Consider stop-loss settings accordingly.
Then a ‘Latter Bottom’ chart pattern is found. The chart shows ‘Latter Bottom’. this is a bullish chart scenario. 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 | 972.2 |
| 2nd High | 949.77 |
| Next High | 939.990000000 |
| Current Price | 934.900000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
939.990000000 – 949.77 – 945.22 – 884.4 – 908.16 – 921.49 — 56.40539116085 – 59.152186607382 — 56.000177848917 – 55.226535058468 – 57.073517539892 – 55.082032813125
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Latter Bottom – Rising Wedge Chart Pattern – –