BNB/USDT – 1H – BUY

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

A bullish trend up to the next resistance at 783.57 will persist.

Caution: A possible change in the direction of the support line at 736.08 is also possible.
Consider stop-loss settings accordingly.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 795.265 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 783.57 is also possible.
Consider stop-loss settings accordingly.

And also a ‘Three Outside Up’ candlestick pattern is detected. 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 likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

783.57 – 781.58 – 770.61 – 736.08 – 762.7 – 728.44 —
765.020000000 – 759.160000000 —
45.46935549478 – 45.895114490835 —
– —
783.57 – 1770102000

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