Also there is a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair is likely to rise.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 771.77218 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 778.22 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Outside Up’ candlestick chart pattern is found. The candles form ‘Three Outside Up’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 789.72 |
| 2nd High | 783.57 |
| Next High | 778.22 |
| Current Price | 761.710000000 |
| Next Low | 736.08 |
| 2nd Low | 728.44 |
| 3rd Low | 725.1 |
778.22 – 783.57 – 781.58 – 736.08 – 762.7 – 767.6 —
759.740000000 – 756.960000000 —
44.780523234409 – 43.867820615393 —
– —
778.22 – 1770132600
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Up – – –