BNB/USDT – 30M – BUYThe pair Binance Coin/Tether (BNB/USDT) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at 667.710000000 is likely expected.
Caution: A possible trend reversal in the direction of support at 658.330000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Bullish Belt Hold’ candlestick chart pattern is discovered. The candles form ‘Bullish Belt Hold’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 670.920000000 |
| 2nd High | 667.970000000 |
| Next High | 667.710000000 |
| Current Price | 673.350000000 |
| Next Low | 658.330000000 |
| 2nd Low | 657.260000000 |
| 3rd Low | 648.010000000 |
667.710000000 – 667.970000000 – 656.390000000 – 658.330000000 – 657.260000000 – 648.010000000
Trading Signals: FOREX – BNB – BNB/USDT – USDT – Bullish Belt Hold