BNB/USDT – 30M – SELLThe pair Binance Coin/Tether (BNB/USDT) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support level at 891.72 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 918.75 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Tweezers Top’ candle chart pattern is discovered. The candles show ‘Tweezers Top’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 939.55 |
| 2nd High | 938.65 |
| Next High | 918.75 |
| Current Price | 908.480000000 |
| Next Low | 891.72 |
| 2nd Low | 887.88 |
| 3rd Low | 880.8 |
918.75 – 938.65 – 939.55 – 891.72 – 899.95 – 910.15 — 51.738002757559 – 49.789384122321 — 83.900980787317 – 85.944847507725 – 68.943414393838 – 78.811747055399
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Tweezers Top – – –