BNB/USDT – 1H – BUYThe pair Binance Coin/Tether (BNB/USDT) goes from the descending trendline up.
An ascent up to the next resistance line at 941.06 is likely expected.
Caution: A possible reversal of the trend in the direction of support at 790.790000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Latter Bottom’ candle chart pattern is existing. The chart shows ‘Latter Bottom’. which is a bullish signal. The pair is likely to go up. 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 | 972.2 |
| 2nd High | 949.77 |
| Next High | 941.06 |
| Current Price | 833.810000000 |
| Next Low | 790.790000000 |
| 2nd Low | |
| 3rd Low |
941.06 – 939.99 – 949.77 – 790.790000000 – 884.4 – 908.16 — 37.134871169198 – 44.049561855697 — 89.237389645535 – 91.409727459592 – 93.748675253489 – 91.609363678039
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Latter Bottom – – –