BNB/USDT – 30M – BUYThe currency pair Binance Coin/Tether (BNB/USDT) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance level at 667.970000000 is likely expected.
Caution: A possible counter-trend in the direction of the support level at could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 667.97 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 667.970000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Bullish Tri-Star’ candlestick chart pattern is existing. The candles show ‘Bullish Tri-Star’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Tri-Star’ going up is 60% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 670.990000000 |
| 2nd High | 670.920000000 |
| Next High | 667.970000000 |
| Current Price | 662.400000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
667.970000000 – 656.390000000 – 650.620000000 – 648.010000000 – 646.490000000 – 648.600000000
Trading Signals: FOREX – BNB – BNB/USDT – USDT – Bullish Tri-Star