Then a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair could go up.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 649.57072 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of resistance at 665.42 should always be considered.
Consider stop-loss settings accordingly.
Then a ‘Three Outside Up’ candlestick chart pattern is discovered. The candles show ‘Three Outside Up’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 669.65 |
| 2nd High | 666.16 |
| Next High | 665.42 |
| Current Price | 628.240000000 |
| Next Low | 626.2 |
| 2nd Low | 621 |
| 3rd Low | 610.89 |
665.42 – 666.16 – 638.92 – 626.2 – 621 – 610.89 —
651.560000000 – 626.880000000 —
47.429238546407 – 24.261406139923 —
– —
665.42 – 1772704800
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Up – – –