The combination Binance Coin/Tether (BNB/USDT) breaks through the bearish trendline up.
The bullish trend up to the next resistance at 940.03 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 923.69 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three White Soldiers’ candlestick pattern is discovered. The chart forms ‘Three White Soldiers’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 949.85 |
| 2nd High | 945.71 |
| Next High | 940.03 |
| Current Price | 942.150000000 |
| Next Low | 923.69 |
| 2nd Low | 906.18 |
| 3rd Low | 894 |
940.03 – 938.56 – 933.98 – 923.69 – 927.16 – 924.05 — 57.425750059367 – 67.251189642209 — 73.1649947398 – 88.759689922481 – 45.049486330534 – 68.723170254477
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three White Soldiers – – –