BNB/USDT – 30M – BUY

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

An ascending movement upwards to the next resistance line at 609.7 is expected.

Caution: A possible trend reversal in the direction of the support level at 601.33 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is expected. Current target is 608.08598 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of resistance at 609.7 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Outside Up’ chart pattern is discovered. The chart forms ‘Three Outside Up’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

609.7 – 619.5 – 632.9 – 603.1 – 601.33 – 611.1 —
607.950000000 – 603.140000000 —
47.488485588945 – 38.649401916411 —
– —
609.7 – 1781674200

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