The combination Binance Coin/Tether (BNB/USDT) breaks through the descending trendline upwards
A bullish movement up to the next resistance at 619.5 is certain.
Caution: A possible reversal of the trend in the direction of support at 601.33 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three White Soldiers’ candle chart pattern is existing. The candles show ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 701.73 |
| 2nd High | 632.9 |
| Next High | 619.5 |
| Current Price | 607.590000000 |
| Next Low | 601.33 |
| 2nd Low | 599.33 |
| 3rd Low | 596.58 |
619.5 – 632.9 – 619 – 601.33 – 611.1 – 612.74 —
606.540000000 – 605.450000000 —
39.917543694243 – 42.840962403045 —
– —
619.5 – 1781598900
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three White Soldiers – – –