The combination Binance Coin/Tether (BNB/USDT) breaks through the bearish trendline upwards
An ascent upwards to the next resistance line at 650.84 is certain.
Caution: A possible counter-trend in the direction of the support level at 637.610000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair could go up.
There is also a ‘Bullish Belt Hold’ chart pattern is found. The chart forms ‘Bullish Belt Hold’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 669.65 |
| 2nd High | 668.57 |
| Next High | 650.84 |
| Current Price | 646.950000000 |
| Next Low | 637.610000000 |
| 2nd Low | 570.06 |
| 3rd Low |
650.84 – 668.57 – 669.65 – 637.610000000 – 640.07 – 650.18 —
645.110000000 – 645.190000000 —
37.446156054664 – 49.661939017602 —
637.610000000 – 1770544800 —
650.84 – 1770539400
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bullish Belt Hold – – –