The combination Binance Coin/Tether (BNB/USDT) breaks through the bearish trendline upwards
An ascent up to the next resistance line at 898.22 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 888.15 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.
There is also a ‘Three Outside Up’ candlestick chart pattern is discovered. The candles show ‘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 chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 907.92 |
| 2nd High | 900.18 |
| Next High | 898.22 |
| Current Price | 892.990000000 |
| Next Low | 888.15 |
| 2nd Low | 878.01 |
| 3rd Low | 870.18 |
898.22 – 897.9 – 887.34 – 888.15 – 878.01 – 870.18 — 48.019021792259 – 53.993180346038 — 34.878871374916 – 51.951044575684 – 28.686975572053 – 37.898631671097
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Up – – –