The currency pair Binance Coin/Tether (BNB/USDT) jumps from the bullish trendline upwards
A continuation of the upward movement up to the next resistance level at 916.55 will persist.
Caution: A possible trend reversal in the direction of the support level at 890.59 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The pair is likely to go up.
And also a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.
And also a ‘Three White Soldiers’ candle pattern is existing. The chart shows ‘Three White Soldiers’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 941.06 |
| 2nd High | 928.24 |
| Next High | 916.55 |
| Current Price | 913.120000000 |
| Next Low | 890.59 |
| 2nd Low | 865.26 |
| 3rd Low | 859.64 |
916.55 – 909 – 906.91 – 890.59 – 865.26 – 859.64 — 50.969877984108 – 60.780456682863 — 42.209424361243 – 73.998642226748 – 30.915665162517 – 44.985473282931
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three White Soldiers – – –