BNB/USDT – 1H – BUYThe combination Binance Coin/Tether (BNB/USDT) jumps from the ascending trendline up.
A continuation of the uptrend up to the next resistance level at 869.98 is likely expected.
Caution: A possible change in the direction of support at 837.47 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.
Also there is a ‘Bullish Belt Hold’ candlestick chart pattern is found. The candles show ‘Bullish Belt Hold’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 941.06 |
| 2nd High | 876.3 |
| Next High | 869.98 |
| Current Price | 864.100000000 |
| Next Low | 837.47 |
| 2nd Low | 830.01 |
| 3rd Low | 813.77 |
869.98 – 876.3 – 858.4 – 837.47 – 830.01 – 836.08 — 46.793341667845 – 56.595688837396 — 27.056188925081 – 37.856270358306 – 19.996380745566 – 28.788906985161
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bullish Belt Hold – – –