BNB/USDT – 1H – BUYThe pair Binance Coin/Tether (BNB/USDT) breaks through the descending trendline up.
An ascent up to the next resistance at 876.3 will continue.
Caution: A possible trend reversal in the direction of the support line at 837.47 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three Outside Up’ candlestick chart pattern is discovered. The chart shows ‘Three Outside Up’. this 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’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 949.77 |
| 2nd High | 941.06 |
| Next High | 876.3 |
| Current Price | 862.260000000 |
| Next Low | 837.47 |
| 2nd Low | 830.01 |
| 3rd Low | 813.77 |
876.3 – 858.4 – 854.49 – 837.47 – 830.01 – 836.08 — 53.345982896957 – 54.980428714223 — 44.944391512214 – 35.287508074681 – 63.915626928169 – 48.128250484181
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Up – Double bottom chart pattern – –