BNB/USDT – 30M – BUY

The combination Binance Coin/Tether (BNB/USDT) breaks through the descending trendline up.

An ascending movement up to the next resistance line at 892.31 will persist.

Caution: A possible counter-trend in the direction of the support zone at 870.58 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘%K crosses above %D’ indicator layout is detected. The indicator is ‘%K crosses above %D’. which could be a positive chart signal. The pair is likely to go up.

Next a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair could go up.

Next a ‘Bullish Belt Hold’ candle pattern is found. The candles form ‘Bullish Belt Hold’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

892.31 – 897.05 – 905 – 870.58 – 884.54 – 888.93 — 50.302543720584 – 57.388223767353 — 84.11600810537 – 92.940729483283 – 87.803662289574 – 88.398345153664

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bullish Belt Hold – – –