BNB/USDT – 1H – BUYThe pair Binance Coin/Tether (BNB/USDT) moves from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 876.3 is certain.
Caution: A possible trend reversal in the direction of the support zone at 830.01 should be noted.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair could go up.
Then a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The pair is likely to go up.
Then a ‘Latter Bottom’ candle pattern is detected. The chart shows ‘Latter Bottom’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 949.77 |
| 2nd High | 941.06 |
| Next High | 876.3 |
| Current Price | 858.110000000 |
| Next Low | 830.01 |
| 2nd Low | 813.77 |
| 3rd Low | 790.79 |
876.3 – 858.4 – 854.49 – 830.01 – 836.08 – 813.77 — 51.136050117762 – 54.139055327523 — 78.297911938827 – 84.714707976381 – 68.337729125963 – 78.006191085908
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Latter Bottom – – –