BNB/USDT – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 817.555 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 781.58 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Concealing Baby Swallow’ chart pattern is discovered. The chart forms ‘Concealing Baby Swallow’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Concealing Baby Swallow’ heading down is 75% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 906.67 |
| 2nd High | 862.09 |
| Next High | 781.58 |
| Current Price | 768.870000000 |
| Next Low | 728.44 |
| 2nd Low | 725.1 |
| 3rd Low | 718.73 |
781.58 – 770.61 – 862.09 – 728.44 – 750 – 831.83 —
774.000000000 – 780.710000000 —
44.701883440574 – 49.837826296824 —
– —
781.58000 – 1770048000
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Concealing Baby Swallow – – –