BNB/USDT – 30M – BUYThe pair Binance Coin/Tether (BNB/USDT) breaks through the descending trendline up.
A bullish ascent upwards to the next resistance level at 854.49 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at 836.62 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Inside Up’ candle chart pattern is existing. The chart forms ‘Three Inside Up’. 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 probability of ‘Three Inside Up’ going up is 65% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 941.06 |
| 2nd High | 883.61 |
| Next High | 854.49 |
| Current Price | 849.900000000 |
| Next Low | 836.62 |
| 2nd Low | 813.77 |
| 3rd Low | 790.79 |
854.49 – 842.93 – 836.36 – 836.62 – 813.77 – 813.85 — 55.972613123121 – 60.138359897744 — 31.830863121186 – 39.938971229294 – 52.238468322089 – 40.799370162038
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Inside Up – Double bottom chart pattern – –