BNB/USDT – 1H – BUY

The currency pair Binance Coin/Tether (BNB/USDT) jumps from the bearish trendline up.

The bullish trend upwards to the next resistance at 899.75 is considered certain.

Caution: A possible trend reversal in the direction of the support zone at 801.7 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair is likely to rise.

Also there is a ‘%K crosses above %D’ indicator layout is discovered. The indicator shows ‘%K crosses above %D’. which is often a bullish chart scenario. The currency pair is likely to rise.

Also there is a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 881.7672 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 899.75 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three White Soldiers’ candlestick chart pattern is detected. The chart shows ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.

899.75 – 906.5 – 899.8 – 801.7 – 868.25 – 876.15 — 73.187417212685 – 78.277380890813 — 95.628594307345 – 100 – 95.628594307345 – 97.08572953823

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three White Soldiers – Double bottom chart pattern – –