BNB/USDT – 30M – SELLThe combination Binance Coin/Tether (BNB/USDT) jumps from the ascending trendline down.
A bearish descent down to the next support at 910.42 is likely expected.
Caution: A possible change in the direction of the resistance zone at 939.99 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘%K crosses below %D’ indicator layout is found. The indicator is ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair could go down.
Also there is a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.
Also there is a ‘Three Outside Down’ candlestick chart pattern is found. The chart shows ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 972.2 |
| 2nd High | 949.77 |
| Next High | 939.99 |
| Current Price | 932.080000000 |
| Next Low | 910.42 |
| 2nd Low | 884.4 |
| 3rd Low | 880.8 |
939.99 – 925 – 918.75 – 910.42 – 884.4 – 891.72 — 55.734086057889 – 52.033534033675 — 69.819279982577 – 50.504168549143 – 66.534066581508 – 63.707368255235
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Down – Double top retreat up – –