The pair Binance Coin/Tether (BNB/USDT) jumps from the descending trendline upwards
An ascending movement upwards to the next resistance line at 700.37 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 659.05 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Rising Window’ candlestick pattern is existing. The candles form ‘Rising Window’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Rising Window’ heading up is 75% (Bull Market) & 72% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 778.22 |
| 2nd High | 765.33 |
| Next High | 700.37 |
| Current Price | 668.020000000 |
| Next Low | 659.05 |
| 2nd Low | 657.36 |
| 3rd Low | 656.77 |
700.37 – 765.33 – 778.22 – 686 – 687.3 – 736.08 —
688.520000000 – 678.030000000 —
38.686729185177 – 27.550602556783 —
– —
700.37 – 1770282000
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Rising Window – – –