BNB/USDT – 1H – BUY

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

A bullish trend up to the next resistance at 612.5 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 570.82 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The pair is likely to go up.

Besides a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 601.86 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 612.5 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three White Soldiers’ candlestick chart pattern is existing. 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 likelyhood of ‘Three White Soldiers’ going up is 82%.

583.29 – 612.5 – 632.9 – 570.82 – 573 – 601.33 —
581.500000000 – 584.200000000 —
52.081404981124 – 57.590801508906 —
– —
583.29 – 1781838000

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three White Soldiers – – –