The pair Binance Coin/Tether (BNB/USDT) jumps from the bullish trendline up.
A continuation of the bullish trend up to the next resistance line at 679 is expected.
Caution: A possible trend reversal in the direction of the support level at 645.64 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.
There is also a ‘Latter Bottom’ candlestick pattern is found. The chart forms ‘Latter Bottom’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 765.33 |
| 2nd High | 700.37 |
| Next High | 679 |
| Current Price | 657.250000000 |
| Next Low | 645.64 |
| 2nd Low | 641.63 |
| 3rd Low | 635.02 |
679 – 664 – 657.7 – 645.64 – 641.63 – 635.02 —
671.620000000 – 658.520000000 —
54.326922844734 – 39.071918002746 —
– —
679 – 1773406800
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Latter Bottom – – –