BNB/USDT – 30M – BUYThe pair Binance Coin/Tether (BNB/USDT) goes from the descending trendline up.
An ascending movement upwards to the next resistance line at 853.530000000 will continue.
Caution: A possible reversal of the trend in the direction of the support line at 824.800000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.
Moreover a ‘Bullish Engulfing’ chart pattern is detected. The candles show ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 869.400000000 |
| Next High | 853.530000000 |
| Current Price | 818.670000000 |
| Next Low | 824.800000000 |
| 2nd Low | 820.600000000 |
| 3rd Low | 797.730000000 |
853.530000000 – 869.400000000 – 858.890000000 – 824.800000000 – 820.600000000 – 837.560000000 — 22.337203197462 – 23.728810362577
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bullish Engulfing – – –