Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Current target is 640.55 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 640.55 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Three Outside Up’ candlestick chart pattern is existing. The chart forms ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 644.07 |
| 2nd High | 642 |
| Next High | 640.55 |
| Current Price | 629.450000000 |
| Next Low | 624.33 |
| 2nd Low | 581.51 |
| 3rd Low | 577.06 |
640.55 – 602.31 – 614.47 – 624.33 – 581.51 – 577.06 —
630.750000000 – 628.200000000 —
52.817805307114 – 49.421805312994 —
– —
640.55 – 1772055000
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Up – – –