BNB/USDT – 1H – SELLThe pair Binance Coin/Tether (BNB/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 908.16 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 949.77 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Last Engulfing Top’ chart pattern is existing. The chart shows ‘Last Engulfing Top’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 978.61 |
| 2nd High | 972.2 |
| Next High | 949.77 |
| Current Price | 903.200000000 |
| Next Low | 908.16 |
| 2nd Low | 887.88 |
| 3rd Low | 880.8 |
949.77 – 945.22 – 972.2 – 908.16 – 921.49 – 887.88 — 46.784871362608 – 41.556782727233 — 72.107589401782 – 75.312581247489 – 65.225340066562 – 68.93583690864
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Last Engulfing Top – – –