BNB/USDT – 1H – BUY

The currency pair Binance Coin/Tether (BNB/USDT) breaks through the descending trendline up.

A bullish movement upwards to the next resistance at 853.530000000 is considered certain.

Caution: A possible change in the direction of support at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 852.48588 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 853.530000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

853.530000000 – 869.400000000 – 858.890000000 – 812.570000000 – 820.600000000 – 837.560000000 — 51.633589046912 – 51.64409954457

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Northern Doji – – –