BNB/USDT – 1H – BUYThe combination Binance Coin/Tether (BNB/USDT) breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance line at is likely expected.
Caution: A possible trend reversal in the direction of support at 891.270000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Inverted Hammer’ candlestick chart pattern is detected. The candles show ‘Inverted Hammer’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Inverted Hammer’ going up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 925.180000000 |
| Next Low | 891.270000000 |
| 2nd Low | 871.380000000 |
| 3rd Low | 870.010000000 |
904.530000000 – 907.380000000 – 884.830000000 – 891.270000000 – 871.380000000 – 872.000000000 — 73.591054515364 – 75.175720226734
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Inverted Hammer – Double bottom chart pattern – –