BNB/USDT – 1H – BUYThe pair Binance Coin/Tether (BNB/USDT) jumps from the bearish trendline upwards
A bullish ascent upwards to the next resistance line at 953.33 is considered certain.
Caution: A possible reversal of the trend in the direction of the support zone at 923.69 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.
Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 932.14588 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 953.33 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Three White Soldiers’ candlestick chart pattern is detected. 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 likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 972.2 |
| 2nd High | 959.52 |
| Next High | 953.33 |
| Current Price | 926.380000000 |
| Next Low | 923.69 |
| 2nd Low | 894 |
| 3rd Low | 885.28 |
953.33 – 959.52 – 938.56 – 923.69 – 924.05 – 929.05 — 31.947385920835 – 33.819151988455 — 13.199364615113 – 22.186362757705 – 6.3286351831774 – 13.264359894551
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three White Soldiers – – –