The pair Binance Coin/Tether (BNB/USDT) breaks through the bearish trendline upwards
A bullish movement up to the next resistance line at 582.21 is considered certain.
Caution: A possible trend reversal in the direction of support at could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair could go up.
Also there is a ‘Three Outside Up’ candle pattern is found. The chart shows ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 602.31 |
| 2nd High | 592.83 |
| Next High | 582.21 |
| Current Price | 569.940000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
582.21 – 581.63 – 592.83 – 546.6 – 574.24 – 570.57 —
565.300000000 – 566.000000000 —
48.931700667748 – 49.297253091112 —
– —
582.21 – 1782300600
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Up – – –