BNB/USDT – 1H – BUYThe combination Binance Coin/Tether (BNB/USDT) breaks through the descending trendline upwards
A bullish trend upwards to the next resistance line at 570.34 is certain.
Caution: A possible change in the direction of the support line at could be enabled.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The currency pair could go up.
Additionally a ‘Advance Block’ candlestick chart pattern is existing. The candles show ‘Advance Block’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Advance Block’ going down is 64% (Bull Market) & 61% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 582.21 |
| 2nd High | 572.72 |
| Next High | 570.34 |
| Current Price | 567.450000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
570.34 – 572.72 – 582.21 – 550.37 – 540.6 – 546.6 —
569.960000000 – 567.200000000 —
58.014239092751 – 53.577482884043 —
– —
570.34 – 1782457200
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Advance Block – – –