BNB/USDT – 1H – BUYMoreover a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 665.42 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 665.42 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Inverted Hammer’ candlestick chart pattern is discovered. The candles show ‘Inverted Hammer’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 669.65 |
| 2nd High | 666.16 |
| Next High | 665.42 |
| Current Price | 666.340000000 |
| Next Low | 641.63 |
| 2nd Low | 635.02 |
| 3rd Low | 607.86 |
657.7 – 656.29 – 624.27 – 641.63 – 635.02 – 607.86 —
664.000000000 – 664.500000000 —
64.703712600165 – 64.426497517912 —
– —
657.7 – 1773316800
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Inverted Hammer – – –