BNB/USDT – 30M – SELLThe pair Binance Coin/Tether (BNB/USDT) jumps from the ascending trendline downwards
A descent down to the next support line at 658.330000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 673.430000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Matching Low’ candle pattern is found. The chart forms ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 691.240000000 |
| 2nd High | 690.060000000 |
| Next High | 673.430000000 |
| Current Price | 668.930000000 |
| Next Low | 658.330000000 |
| 2nd Low | 657.260000000 |
| 3rd Low | 648.010000000 |
667.710000000 – 667.970000000 – 656.390000000 – 658.330000000 – 657.260000000 – 648.010000000
Trading Signals: FOREX – BNB – BNB/USDT – USDT – Matching Low