The pair Binance Coin/Tether (BNB/USDT) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance at 631.86 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 601.23 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.
Furthermore a ‘Three White Soldiers’ candlestick chart pattern is existing. The candles show ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 669.65 |
| 2nd High | 644.07 |
| Next High | 631.86 |
| Current Price | 630.180000000 |
| Next Low | 601.23 |
| 2nd Low | 596 |
| 3rd Low | 592.49 |
629.74 – 614.8 – 626.57 – 601.23 – 596 – 601.3 —
628.670000000 – 630.610000000 —
66.078621611666 – 64.52887166355 —
– —
629.74 – 1771621200
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three White Soldiers – – –