The pair Binance Coin/Tether (BNB/USDT) breaks through the descending trendline up.
A bullish ascent up to the next resistance line at 640.55 is certain.
Caution: A possible change in the direction of the support level at 577.06 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘Three White Soldiers’ candlestick chart pattern is detected. The candles show ‘Three White Soldiers’. this 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 White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 909.43 |
| 2nd High | 783.57 |
| Next High | 640.55 |
| Current Price | 617.140000000 |
| Next Low | 577.06 |
| 2nd Low | 570.06 |
| 3rd Low |
640.55 – 634.8 – 631.86 – 577.06 – 596 – 587.14 —
630.000000000 – 605.750000000 —
48.191953403483 – 43.622090808782 —
– —
640.55 – 1772049600
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three White Soldiers – – –