BNB/USDT – 1H – BUYCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 614.965 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 652.87 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Matching Low’ candlestick chart pattern is detected. The candles form ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 783.57 |
| 2nd High | 669.65 |
| Next High | 652.87 |
| Current Price | 635.630000000 |
| Next Low | 610.89 |
| 2nd Low | 588.64 |
| 3rd Low | 577.06 |
652.87 – 632.16 – 615.6 – 610.89 – 588.64 – 614.2 —
644.590000000 – 643.290000000 —
63.395103535202 – 55.091724099337 —
– —
652.87 – 1772467200
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Matching Low – – –