The pair Binance Coin/Tether (BNB/USDT) breaks through the bearish trendline up.
A bullish movement up to the next resistance line at 647.01 is likely expected.
Caution: A possible change in the direction of support at 633.83 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘MACD crosses above signal’ indicator layout is discovered. The indicator is ‘MACD crosses above signal’. which could be a positive signal. The currency pair is likely to rise.
Then a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair is likely to rise.
Then a ‘Northern Doji’ candlestick pattern is detected. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 666.16 |
| 2nd High | 665.42 |
| Next High | 647.01 |
| Current Price | 646.550000000 |
| Next Low | 633.83 |
| 2nd Low | 607.86 |
| 3rd Low | 588.64 |
647.01 – 643 – 620.11 – 633.83 – 607.86 – 611.82 —
642.500000000 – 642.730000000 —
50.256300987317 – 51.628872843805 —
– —
647.01 – 1773129600
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Northern Doji – – –