Furthermore a ‘Double top retreat up’ chart formation is existing. The formation shows ‘Double top retreat up’. which is a bullish pattern signal. The currency pair is likely to go up.
The pair Binance Coin/Tether (BNB/USDT) breaks through the bearish trendline up.
A bullish movement up to the next resistance at 783.57 is certain.
Caution: A possible counter-trend in the direction of the support zone at 728.44 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.
Furthermore a ‘Three Outside Up’ candle chart pattern is detected. The candles form ‘Three Outside Up’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 906.67 |
| 2nd High | 862.09 |
| Next High | 783.57 |
| Current Price | 771.490000000 |
| Next Low | 728.44 |
| 2nd Low | 725.1 |
| 3rd Low | 718.73 |
783.57 – 781.58 – 770.61 – 762.7 – 728.44 – 750 —
770.860000000 – 753.130000000 —
47.234389976401 – 31.682132012076 —
– —
783.57 – 1770102000
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Up – Double top retreat up – –