Then a ‘Double bottom chart pattern’ chart pattern is discovered. The chart picture forms ‘Double bottom chart pattern’. this is a bullish chart scenario. The currency pair is likely to go up.
The combination Binance Coin/Tether (BNB/USDT) breaks through the bearish trendline up.
A bullish ascent up to the next resistance line at 862.360000000 is considered certain.
Caution: A possible trend reversal in the direction of support at should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The currency pair is likely to rise.
Then a ‘Bullish Belt Hold’ candlestick chart pattern is found. The chart forms ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 865.320000000 |
| 2nd High | 864.000000000 |
| Next High | 862.360000000 |
| Current Price | 863.350000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
862.360000000 – 864.000000000 – 865.320000000 – 851.610000000 – 852.270000000 – 850.190000000 — 53.103398226359 – 61.209788221691
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern – –