BNB/USDT – 1H – BUYThe pair Binance Coin/Tether (BNB/USDT) breaks through the descending trendline upwards
A bullish ascent up to the next resistance line at 646.000000000 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 597.890000000 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Outside Up’ candlestick chart pattern is detected. The chart shows ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to rise. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 659.000000000 |
| 2nd High | 654.310000000 |
| Next High | 646.000000000 |
| Current Price | 633.520000000 |
| Next Low | 597.890000000 |
| 2nd Low | 593.230000000 |
| 3rd Low | 583.550000000 |
646.000000000 – 654.310000000 – 659.000000000 – 637.350000000 – 640.110000000 – 639.000000000
Trading Signals: FOREX – BNB – BNB/USDT – USDT – Three Outside Up