BNB/USDT – 1H – BUYThe pair Binance Coin/Tether (BNB/USDT) goes from the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 639 is certain.
Caution: A possible trend reversal in the direction of the support level at 622.58 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bullish Belt Hold’ chart pattern is discovered. The chart forms ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to rise. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 640.49 |
| 2nd High | 639.81 |
| Next High | 639 |
| Current Price | 630.330000000 |
| Next Low | 622.58 |
| 2nd Low | 615.61 |
| 3rd Low | 615.09 |
639 – 621.81 – 622.84 – 622.58 – 615.61 – 615.09 —
627.470000000 – 631.950000000 —
55.172369380549 – 57.189275267182 —
– —
639 – 1777867200
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bullish Belt Hold – Symmetrical Triangle Chart Pattern – –