BNB/USDT – 1H – BUY

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

A bullish trend upwards to the next resistance line at 624.8 is expected.

Caution: A possible trend reversal in the direction of the support level at 592.49 should be noted.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The pair is likely to go up.

Furthermore a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bullish signal. The pair is likely to go up.

Furthermore a ‘Three White Soldiers’ candle pattern is found. The candles form ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.

624.8 – 620.87 – 644.07 – 592.49 – 600.6 – 587.14 —
616.890000000 – 615.060000000 —
53.493051007958 – 49.236498195884 —
– —
624.8 – 1771030800

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three White Soldiers – – –