BNBUSDT
formed a weekly Hammer candle mid Dec. and has been in an upward movement inside a bullish falling wedge pattern since then, putting the odds in favor of a breakout for BNB. BNB on the verge of a possible breakout.
Falling Wedge: Important Bull Market Results
- Overall performance rank for up/down breakouts (1 is best): 49 out of 56/19 out of 53
- Break even failure rate for up/down breakouts: 26%; 29%
- Average rise/decline: 38%; 14%
- Throwback/pullback rate: 62%, 74%
- Percentage meeting price target for up/down breakouts: 62%, 29%
The above numbers are based on hundreds of perfect trades.
Hammer: Important Results
- Theoretical performance: Bullish reversal
- Tested performance: Bullish reversal 60% of the time
- Frequency rank: 36
- Overall performance rank: 65
- Best percentage meeting price target: 88% (bull market, up breakout)
- Best average move in 10 days: -4.12% (bear market, down breakout)
- Best 10-day performance rank: 48 (bear market, down breakout)
All ranks are out of 103 candlestick patterns with the top performer ranking 1. "Best" means the highest rated of the four combinations of bull/bear market, up/down breakouts.
The above numbers are based on hundreds of perfect trades.
