BNB/USDT – 1H – BUYThe pair Binance Coin/Tether (BNB/USDT) breaks through the bearish trendline upwards
A bullish trend up to the next resistance level at 582.21 will persist.
Caution: A possible change in the direction of the support level at 546.6 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Outside Up’ candlestick pattern is detected. The candles form ‘Three Outside Up’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 612.5 |
| 2nd High | 602.31 |
| Next High | 582.21 |
| Current Price | 570.190000000 |
| Next Low | 546.6 |
| 2nd Low | |
| 3rd Low |
582.21 – 581.63 – 602.31 – 546.6 – 570.57 – 583.6 —
564.610000000 – 566.910000000 —
42.047966595303 – 46.40866983394 —
– —
582.21 – 1782298800
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Up – – –