BNB/USDT – 4H – BUYThe currency pair Binance Coin/Tether (BNB/USDT) breaks through the bearish trendline upwards
An ascent up to the next resistance line at 909.43 will continue.
Caution: A possible trend reversal in the direction of the support level at 868.68 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three Outside Up’ candle chart pattern is detected. The candles form ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1019.56 |
| 2nd High | 959.52 |
| Next High | 909.43 |
| Current Price | 854.240000000 |
| Next Low | 868.68 |
| 2nd Low | 864.54 |
| 3rd Low | 821.21 |
909.43 – 904.99 – 959.52 – 868.68 – 864.54 – 923.69 —
906.670000000 – 848.050000000 —
59.390907984818 – 29.181470035486 —
– —
909.43000 – 1769587200
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Up – – –