BNB/USDT – 30M – BUY

The combination Binance Coin/Tether (BNB/USDT) jumps from the bearish trendline upwards

The bullish trend up to the next resistance level at 624.27 is certain.

Caution: A possible reversal of the trend in the direction of the support level at 611.82 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘MACD crosses above signal’ indicator layout is existing. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart signal. The currency pair could go up.

Furthermore a ‘RSI Bullish Divergence’ indicator layout is existing. The indicator shows ‘RSI Bullish Divergence’. this is usually a bullish chart signal. The currency pair could go up.

Furthermore a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is certain. Current target is 623.44876 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 624.27 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Inverted Hammer’ candle chart pattern is found. The chart forms ‘Inverted Hammer’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Inverted Hammer’ going up is 65% (Bull Market).

624.27 – 665.42 – 666.16 – 611.82 – 614.34 – 625.42 —
619.190000000 – 615.280000000 —
50.059049474664 – 38.638644756879 —
– —
624.27 – 1772964000

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Inverted Hammer – – –