BNB/USDT – 30M – BUYThe currency pair Binance Coin/Tether (BNB/USDT) breaks through the descending trendline up.
A bullish trend upwards to the next resistance at 919.78 is certain.
Caution: A possible counter-trend in the direction of the support line at 891.66 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.
Moreover a ‘Three Outside Up’ candlestick chart pattern is discovered. The candles show ‘Three Outside Up’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 928.24 |
| 2nd High | 923.93 |
| Next High | 919.78 |
| Current Price | 918.820000000 |
| Next Low | 891.66 |
| 2nd Low | 890.59 |
| 3rd Low | 865.26 |
919.78 – 923.93 – 916.55 – 891.66 – 902.96 – 890.59 — 59.128476232254 – 62.258914456127 — 87.255432042206 – 88.680920827925 – 75.402110453127 – 82.963622503166
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Up – – –