BNB/USDT – 4H – BUY

The currency pair Binance Coin/Tether (BNB/USDT) breaks through the descending trendline upwards

An ascent up to the next resistance line at 664.26 will continue.

Caution: A possible reversal of the trend in the direction of the support level at 610.26 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.

Furthermore a ‘Three Outside Up’ candlestick pattern is detected. The chart shows ‘Three Outside Up’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

664.26 – 639 – 622.84 – 610.26 – 618.38 – 615 —
649.810000000 – 641.000000000 —
61.694327697434 – 50.426502095963 —
– —
664.26 – 1778068800

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