BNB/USDT – 30M – BUY

The currency pair Binance Coin/Tether (BNB/USDT) breaks through the descending trendline up.

A bullish ascent up to the next resistance line at 635 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 628.97 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.

Furthermore a ‘Hammer’ chart pattern is detected. The chart shows ‘Hammer’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).

635 – 634 – 639 – 628.97 – 627.81 – 622.58 —
633.940000000 – 635.940000000 —
61.431089175587 – 60.403964941091 —
– —
635 – 1778014800

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