Also there is a ‘Double bottom chart pattern’ chart layout is discovered. The chart picture forms ‘Double bottom chart pattern’. which is a positive pattern signal. The pair is likely to go up.
The combination Binance Coin/Tether (BNB/USDT) breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance level at 656.390000000 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 648.010000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The currency pair is likely to rise.
Also there is a ‘Bullish Belt Hold’ chart pattern is detected. The chart forms ‘Bullish Belt Hold’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 670.990000000 |
2nd High | 670.920000000 |
Next High | 656.390000000 |
Current Price | 655.620000000 |
Next Low | 648.010000000 |
2nd Low | 646.490000000 |
3rd Low | 639.690000000 |
656.390000000 – 650.620000000 – 653.810000000 – 648.010000000 – 646.490000000 – 648.600000000
Trading Signals: FOREX – BNB – BNB/USDT – USDT – Bullish Belt Hold