BNB/USDT – 1H – SELLThe combination Binance Coin/Tether (BNB/USDT) moves from the descending trendline downwards
A continuation of the downward movement down to the next support line at 884.4 is expected.
Caution: A possible change in the direction of the resistance zone at 949.77 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Inside Down’ chart pattern is found. The chart forms ‘Three Inside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 978.61 |
| 2nd High | 972.2 |
| Next High | 949.77 |
| Current Price | 915.000000000 |
| Next Low | 884.4 |
| 2nd Low | 880.8 |
| 3rd Low | 860.11 |
949.77 – 945.22 – 972.2 – 884.4 – 908.16 – 921.49 — 50.924432775682 – 50.132368406682 — 75.224888405502 – 73.906147327397 – 82.33741657369 – 77.318150503176
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Inside Down – – –