BNB/USDT – 1H – SELLThe currency pair Binance Coin/Tether (BNB/USDT) moves from the ascending trendline downwards
A descent downwards to the next support at 813.77 is expected.
Caution: A possible change in the direction of the resistance level at 854.49 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Matching Low’ candle chart pattern is existing. The chart shows ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 949.77 |
| 2nd High | 941.06 |
| Next High | 854.49 |
| Current Price | 844.750000000 |
| Next Low | 813.77 |
| 2nd Low | 790.79 |
| 3rd Low | 765 |
854.49 – 842.93 – 941.06 – 813.77 – 790.79 – 884.4 — 54.131191987577 – 53.659431693023 — 27.011928763441 – 25.516633064516 – 46.658975160969 – 36.217666180805
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Matching Low – – –