The currency pair Binance Coin/Tether (BNB/USDT) goes from the descending trendline up.
An ascending movement upwards to the next resistance level at 602.31 will persist.
Caution: A possible reversal of the trend in the direction of the support zone at is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Three White Soldiers’ candle pattern is found. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 745.74 |
| 2nd High | 632.9 |
| Next High | 602.31 |
| Current Price | 571.300000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
602.31 – 632.9 – 613.39 – 570.82 – 580.68 – 570.61 —
577.250000000 – 566.260000000 —
37.608564927319 – 36.885938204521 —
– —
602.31 – 1782129600
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three White Soldiers – – –