The combination Binance Coin/Tether (BNB/USDT) breaks through the descending trendline up.
An ascent up to the next resistance level at 664.26 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 610.26 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.
And also a ‘Three White Soldiers’ candle pattern is discovered. The candles form ‘Three White Soldiers’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 783.57 |
| 2nd High | 687.82 |
| Next High | 664.26 |
| Current Price | 647.700000000 |
| Next Low | 610.26 |
| 2nd Low | 589.1 |
| 3rd Low | 580.33 |
664.26 – 639 – 622.84 – 610.26 – 618.38 – 615 —
653.490000000 – 641.560000000 —
68.691194751746 – 54.363966596441 —
– —
664.26 – 1778068800
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three White Soldiers – – –