BNB/USDT – 30M – BUY

The currency pair Binance Coin/Tether (BNB/USDT) jumps from the descending trendline up.

The bullish trend upwards to the next resistance level at 615.6 is certain.

Caution: A possible change in the direction of the support zone at 588.64 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 614.595 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 615.6 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Outside Up’ candle chart pattern is discovered. The chart shows ‘Three Outside Up’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

615.6 – 633.65 – 640.55 – 588.64 – 605.25 – 606.68 —
598.530000000 – 605.750000000 —
41.67121376001 – 48.404415516474 —
– —
615.6 – 1772247600

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Up – – –