BNB/USDT – 1H – SELLThe currency pair Binance Coin/Tether (BNB/USDT) moves from the bullish trendline down.
A descent downwards to the next support at 836.08 will continue.
Caution: A possible change in the direction of the resistance line at 858.4 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Outside Down’ chart pattern is discovered. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 949.77 |
| 2nd High | 941.06 |
| Next High | 858.4 |
| Current Price | 865.220000000 |
| Next Low | 836.08 |
| 2nd Low | 813.77 |
| 3rd Low | 790.79 |
858.4 – 854.49 – 842.93 – 836.08 – 813.77 – 790.79 — 63.466483729777 – 61.117312610483 — 91.863629341794 – 80.94066759355 – 97.139728299117 – 90.860691571041
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Down – – –