BNB/USDT – 30M – BUYThe currency pair Binance Coin/Tether (BNB/USDT) breaks through the descending trendline up.
An ascending movement up to the next resistance level at 649.990000000 will continue.
Caution: A possible counter-trend in the direction of the support zone at could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The currency pair could go up.
Next a ‘Three White Soldiers’ candlestick chart pattern is existing. The chart forms ‘Three White Soldiers’. which is a positive chart scenario. The currency 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 | 670.920000000 |
| 2nd High | 651.510000000 |
| Next High | 649.990000000 |
| Current Price | 650.530000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
649.990000000 – 651.510000000 – 670.920000000 – 639.690000000 – 625.440000000 – 661.920000000
Trading Signals: FOREX – BNB – BNB/USDT – USDT – Three White Soldiers