The pair Binance Coin/Tether (BNB/USDT) breaks through the descending trendline up.
A bullish trend up to the next resistance line at 577 is expected.
Caution: A possible trend reversal in the direction of the support level at 555.59 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bullish Belt Hold’ candle chart pattern is existing. The chart shows ‘Bullish Belt Hold’. this 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 ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 585.87 |
| 2nd High | 581.21 |
| Next High | 577 |
| Current Price | 568.050000000 |
| Next Low | 555.59 |
| 2nd Low | 548.74 |
| 3rd Low | 548.71 |
577 – 581.21 – 585.87 – 555.59 – 574.28 – 574.57 —
561.870000000 – 568.000000000 —
34.201436690978 – 55.792390169054 —
– —
577 – 1784239200
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bullish Belt Hold – – –