BNB/USDT – 1H – SELLThe pair Binance Coin/Tether (BNB/USDT) goes from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 884.4 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 939.99 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
In addition a ‘Southern Doji’ chart pattern is found. The candles show ‘Southern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 972.2 |
| 2nd High | 949.77 |
| Next High | 939.99 |
| Current Price | 878.950000000 |
| Next Low | 884.4 |
| 2nd Low | 880.8 |
| 3rd Low | 860.11 |
939.99 – 949.77 – 945.22 – 884.4 – 908.16 – 921.49 — 27.538873493965 – 27.158248865631 — 0 – 0 – 17.089199802548 – 3.9239956088971
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Southern Doji – Double top chart pattern – –