BNB/USDT – 30M – BUYThe combination Binance Coin/Tether (BNB/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance at 592.83 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 568.19 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bearish SBS White Lines’ chart pattern is detected. The chart forms ‘Bearish SBS White Lines’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 604.31 |
| 2nd High | 602.31 |
| Next High | 592.83 |
| Current Price | 585.880000000 |
| Next Low | 568.19 |
| 2nd Low | 556.16 |
| 3rd Low | 548.74 |
578.82 – 576.24 – 567.17 – 568.19 – 568.7 – 556.16 —
586.540000000 – 588.950000000 —
72.703578209006 – 64.776049183042 —
– —
578.82 – 1783188000
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish SBS White Lines – – –