BNB/USDT – 30M – BUYThe combination Binance Coin/Tether (BNB/USDT) breaks through the bearish trendline upwards
The bullish trend upwards to the next resistance at 646.000000000 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 625.440000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Outside Up’ candle pattern is detected. The chart forms ‘Three Outside Up’. which is a bullish 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 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 | 630.150000000 |
| Next Low | 625.440000000 |
| 2nd Low | 597.890000000 |
| 3rd Low | 593.230000000 |
646.000000000 – 654.310000000 – 659.000000000 – 639.270000000 – 637.350000000 – 640.110000000
Trading Signals: FOREX – BNB – BNB/USDT – USDT – Three Outside Up