BNB/USDT – 1H – BUYThe currency pair Binance Coin/Tether (BNB/USDT) breaks through the descending trendline up.
The bullish trend up to the next resistance at 620.87 will persist.
Caution: A possible change in the direction of the support line at 600.600000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bullish Belt Hold’ candlestick pattern is detected. The chart shows ‘Bullish Belt Hold’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 669.65 |
| 2nd High | 644.07 |
| Next High | 620.87 |
| Current Price | 615.500000000 |
| Next Low | 600.600000000 |
| 2nd Low | 587.14 |
| 3rd Low |
620.87 – 644.07 – 669.65 – 600.600000000 – 587.14 – 613.8 —
610.150000000 – 616.000000000 —
40.438959817796 – 54.930156399256 —
600.600000000 – 1770912000 —
620.87 – 1770894000
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bullish Belt Hold – Double top retreat up – –