BNB/USDT – 30M – BUYThe currency pair Binance Coin/Tether (BNB/USDT) breaks through the bearish trendline up.
A bullish movement up to the next resistance at 842.93 will continue.
Caution: A possible counter-trend in the direction of the support zone at 813.77 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 865.925 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 842.93 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three Outside Up’ candle pattern is detected. The candles show ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to go up. 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 | 941.06 |
| 2nd High | 883.61 |
| Next High | 842.93 |
| Current Price | 829.650000000 |
| Next Low | 813.77 |
| 2nd Low | 790.79 |
| 3rd Low | 765 |
842.93 – 836.36 – 883.61 – 813.77 – 813.85 – 790.79 — 52.915342631455 – 55.265153635842 — 85.188520566061 – 90.169514143201 – 76.115402778804 – 84.282479724893
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Up – – –