BNB/USDT – 30M – SELLNext a ‘Double top chart pattern’ chart formation is discovered. The formation shows ‘Double top chart pattern’. which is a bearish signal. The pair is likely to go down.
The currency pair Binance Coin/Tether (BNB/USDT) jumps from the descending trendline downwards
A continuation of the downtrend down to the next support line at 843.15 is likely expected.
Caution: A possible change in the direction of the resistance zone at 855.46 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair is likely to fall.
Next a ‘Collapsing Doji Star’ chart pattern is existing. The chart forms ‘Collapsing Doji Star’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 941.06 |
| 2nd High | 883.61 |
| Next High | 855.46 |
| Current Price | 841.200000000 |
| Next Low | 843.15 |
| 2nd Low | 836.62 |
| 3rd Low | 813.77 |
855.46 – 853.2 – 854.49 – 843.15 – 836.62 – 813.77 — 54.869832921889 – 43.032285510478 — 61.731338969579 – 51.286736242297 – 58.56086491248 – 58.377807369787
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Collapsing Doji Star – Double top chart pattern – –