BNB/USDT – 30M – BUY

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

An ascending movement up to the next resistance level at 612.33 is likely expected.

Caution: A possible trend reversal in the direction of the support line at 606.69 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘MACD crosses above signal’ indicator layout is existing. The indicator shows ‘MACD crosses above signal’. which is often a bullish signal. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Current target is 613.39 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance line at 612.33 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘Three White Soldiers’ candlestick chart pattern is found. The chart shows ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.

612.33 – 611.08 – 606.27 – 606.69 – 599.33 – 596.58 —
610.330000000 – 609.750000000 —
54.972892009028 – 51.325308746235 —
– —
612.33 – 1781386200

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three White Soldiers – – –