BNB/USDT – 4H – BUYThe currency pair Binance Coin/Tether (BNB/USDT) breaks through the descending trendline up.
The bullish trend up to the next resistance level at 634.8 is expected.
Caution: A possible change in the direction of the support level at 596 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a positive signal. The pair is likely to go up.
Furthermore a ‘Three White Soldiers’ chart pattern is detected. The candles form ‘Three White Soldiers’. this 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 White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 909.43 |
| 2nd High | 783.57 |
| Next High | 634.8 |
| Current Price | 604.990000000 |
| Next Low | 596 |
| 2nd Low | 587.14 |
| 3rd Low | 570.06 |
634.8 – 631.86 – 783.57 – 596 – 587.14 – 570.06 —
614.470000000 – 602.310000000 —
45.121196341064 – 39.793859863064 —
– —
634.8 – 1771675200
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three White Soldiers – Double top retreat up – –