BNB/USDT – 1H – BUYThe currency pair Binance Coin/Tether (BNB/USDT) breaks through the descending trendline up.
The bullish trend up to the next resistance level at 572.72 is expected.
Caution: A possible reversal of the trend in the direction of support at 550.37 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bullish Belt Hold’ chart pattern is detected. The chart shows ‘Bullish Belt Hold’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 602.31 |
| 2nd High | 582.21 |
| Next High | 572.72 |
| Current Price | 565.280000000 |
| Next Low | 550.37 |
| 2nd Low | 540.6 |
| 3rd Low |
572.72 – 582.21 – 581.63 – 550.37 – 540.6 – 546.6 —
565.320000000 – 564.210000000 —
54.018347952279 – 52.357498147998 —
– —
572.72 – 1782367200
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bullish Belt Hold – – –