The pair Binance Coin/Tether (BNB/USDT) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance at 630 is expected.
Caution: A possible counter-trend in the direction of support at 602.79 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bearish SBS White Lines’ candle chart pattern is existing. The candles show ‘Bearish SBS White Lines’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 729.57 |
| 2nd High | 701.73 |
| Next High | 630 |
| Current Price | 616.130000000 |
| Next Low | 602.79 |
| 2nd Low | 599.33 |
| 3rd Low | 596.58 |
613.03 – 612.33 – 611.08 – 602.79 – 608 – 606.69 —
617.990000000 – 617.120000000 —
61.439094759127 – 53.591255151318 —
– —
613.03 – 1781431200
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish SBS White Lines – – –