BNB/USDT – 30M – BUY

The currency pair Binance Coin/Tether (BNB/USDT) breaks through the bearish trendline up.

The bullish trend upwards to the next resistance line at 783.57 is expected.

Caution: A possible reversal of the trend in the direction of support at 728.44 should always be considered.
Consider stop-loss settings accordingly.

Moreover a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 759.08 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 783.57 should always be considered.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Up’ candlestick chart pattern is existing. The candles form ‘Three Outside Up’. which 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 probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

783.57 – 781.58 – 770.61 – 762.7 – 767.6 – 728.44 —
775.590000000 – 745.870000000 —
49.679277443968 – 24.566643888758 —
– —
783.57 – 1770103800

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Up – – –