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 level at 583.29 will continue.

Caution: A possible counter-trend in the direction of the support level at 570.82 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The currency pair is likely to rise.

Moreover a ‘Three Outside Up’ candlestick chart pattern is existing. The chart forms ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

583.29 – 604.31 – 612.5 – 570.82 – 573 – 587.38 —
572.750000000 – 575.650000000 —
31.395723299491 – 44.254886178229 —
– —
583.29 – 1781838000

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Up – – –