The combination Binance Coin/Tether (BNB/USDT) goes from the descending trendline upwards
An ascending movement up to the next resistance level at 899.8 will persist.
Caution: A possible trend reversal in the direction of the support level at 881.6 could happen.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
And also a ‘Three Outside Up’ chart pattern is found. The candles form ‘Three Outside Up’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 941.06 |
| 2nd High | 904.86 |
| Next High | 899.8 |
| Current Price | 885.680000000 |
| Next Low | 881.6 |
| 2nd Low | 851.72 |
| 3rd Low | 837.47 |
899.8 – 904.86 – 897.25 – 881.6 – 883.8 – 889.25 — 40.881552510197 – 44.820180677954 — 14.113876319759 – 21.902966314731 – 8.4661471426177 – 14.406318082789
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Up – – –