BNB/USDT – 30M – BUYThe currency pair Binance Coin/Tether (BNB/USDT) breaks through the descending trendline up.
A bullish ascent up to the next resistance line at 570.34 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 550.37 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Bullish Belt Hold’ candlestick pattern is discovered. The candles form ‘Bullish Belt Hold’. this is a bullish chart scenario. 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 | 582.21 |
| 2nd High | 572.72 |
| Next High | 570.34 |
| Current Price | 564.890000000 |
| Next Low | 550.37 |
| 2nd Low | 540.6 |
| 3rd Low |
570.34 – 564.98 – 572.72 – 550.37 – 540.6 – 546.6 —
566.490000000 – 564.900000000 —
52.521841422347 – 53.102123213857 —
– —
570.34 – 1782459000
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bullish Belt Hold – – –