BNB/USDT – 1H – BUY

The currency pair Binance Coin/Tether (BNB/USDT) breaks through the ascending trendline upwards

A continuation of the bullish trend up to the next resistance at 869.150000000 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 841.100000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Current target is 865 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 869.150000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Bullish Engulfing’ candle chart pattern is discovered. The chart shows ‘Bullish Engulfing’. 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 likelyhood of ‘Bullish Engulfing’ going up is 63%.

865.000000000 – 857.730000000 – 864.060000000 – 841.100000000 – 840.710000000 – 840.000000000 — 69.615294826973 – 70.102407975576

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bullish Engulfing – – –