BNB/USDT – 30M – BUYThe currency pair Binance Coin/Tether (BNB/USDT) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance at 664 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 645.64 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Inverted Hammer’ candle pattern is found. The chart forms ‘Inverted Hammer’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 666.16 |
| 2nd High | 665.42 |
| Next High | 664 |
| Current Price | 660.680000000 |
| Next Low | 645.64 |
| 2nd Low | 641.63 |
| 3rd Low | 635.02 |
664 – 657.7 – 656.29 – 645.64 – 641.63 – 635.02 —
661.200000000 – 661.800000000 —
67.859459738425 – 62.101955565762 —
– —
664 – 1773361800
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Inverted Hammer – – –