BNB/USDT – 30M – BUYIn addition a ‘Double bottom chart pattern’ chart formation is detected. The chart picture shows ‘Double bottom chart pattern’. which is a positive signal. The currency pair is likely to rise.
The pair Binance Coin/Tether (BNB/USDT) breaks through the bearish trendline upwards
A bullish movement up to the next resistance line at 869.98 is likely expected.
Caution: A possible change in the direction of the support level at 851.720000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘RSI cross above 70’ indicator layout is found. The indicator is ‘RSI cross above 70’. which is often a bullish chart signal. The currency pair could go up.
In addition a ‘Rising Window’ candle pattern is detected. The chart shows ‘Rising Window’. which is a positive chart scenario. 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 | 883.61 |
| 2nd High | 876.3 |
| Next High | 869.98 |
| Current Price | 884.710000000 |
| Next Low | 851.720000000 |
| 2nd Low | 837.47 |
| 3rd Low | 830.01 |
869.98 – 861.83 – 876.3 – 851.720000000 – 837.47 – 856.6 — 61.366598751887 – 73.930786364943 — 94.241758241758 – 94.241758241758 – 85.708204922523 – 89.843644669946
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Rising Window – Double bottom chart pattern – –