BNB/USDT – 30M – SELLThe pair Binance Coin/Tether (BNB/USDT) moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 813.85 is certain.
Caution: A possible change in the direction of the resistance level at 842.93 could be enabled.
Consider stop-loss settings accordingly.
Additionally a ‘%K crosses below %D’ indicator layout is detected. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Additionally a ‘Three Inside Down’ chart pattern is found. The candles show ‘Three Inside Down’. 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 chance of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 941.06 |
| 2nd High | 883.61 |
| Next High | 842.93 |
| Current Price | 823.450000000 |
| Next Low | 813.85 |
| 2nd Low | 790.79 |
| 3rd Low | 765 |
842.93 – 836.36 – 883.61 – 813.85 – 790.79 – 910.42 — 50.811860954101 – 43.300633506437 — 50.84887613582 – 34.772835963654 – 40.560337956321 – 43.393910409692
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Inside Down – – –