BNB/USDT – 30M – BUYThe pair Binance Coin/Tether (BNB/USDT) jumps from the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance at 920.27 is considered certain.
Caution: A possible trend reversal in the direction of the support zone at could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The currency pair is likely to rise.
Moreover a ‘%K crosses above %D’ indicator signal is discovered. The indicator shows ‘%K crosses above %D’. this is usually a bullish chart signal. The currency pair is likely to rise.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 907.26 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 920.27 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three Outside Up’ candlestick chart pattern is discovered. The candles form ‘Three Outside Up’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 928.24 |
| 2nd High | 923.93 |
| Next High | 920.27 |
| Current Price | 904.230000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
920.27 – 919.78 – 923.93 – 892.64 – 891.66 – 902.96 — 53.048232881301 – 56.646376245165 — 87.550122461365 – 88.215532002514 – 90.514947522503 – 87.771925641748
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Up – – –