BNB/USDT – 30M – BUY

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

A continuation of the upward movement up to the next resistance line at 959.52 will continue.

Caution: A possible trend reversal in the direction of the support level at 935.5 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair is likely to rise.

Moreover a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair is likely to rise.

Moreover a ‘Bullish Belt Hold’ candle chart pattern is detected. The chart forms ‘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 chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

959.52 – 940.03 – 938.56 – 935.5 – 923.69 – 927.16 — 47.708374685658 – 56.260677433562 — 17.767052929232 – 37.427650060379 – 9.4702132009104 – 21.693757884765

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bullish Belt Hold – – –