BNB/USDT – 30M – BUYThe currency pair Binance Coin/Tether (BNB/USDT) breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance at 913.29 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 890.59 could happen.
Consider stop-loss settings accordingly.
Besides a ‘Bullish Belt Hold’ candle chart pattern is found. The candles form ‘Bullish Belt Hold’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 928.24 |
| 2nd High | 916.13 |
| Next High | 913.29 |
| Current Price | 916.280000000 |
| Next Low | 890.59 |
| 2nd Low | 865.26 |
| 3rd Low | 859.64 |
909 – 906.91 – 902.85 – 890.59 – 865.26 – 859.64 — 62.045380513772 – 67.683816645776 — 87.475752510737 – 94.566693833198 – 66.303260434054 – 82.472655096597
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bullish Belt Hold – – –