BNB/USDT – 1H – SELLThe pair Binance Coin/Tether (BNB/USDT) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 801.7 will continue.
Caution: A possible change in the direction of resistance at 916.13 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.
Besides a ‘Tweezers Top’ chart pattern is discovered. The chart forms ‘Tweezers Top’. 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 success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 941.06 |
| 2nd High | 928.24 |
| Next High | 916.13 |
| Current Price | 901.810000000 |
| Next Low | 801.7 |
| 2nd Low | 790.79 |
| 3rd Low | 765 |
916.13 – 928.24 – 910.57 – 801.7 – 868.25 – 876.15 — 51.72132379071 – 48.17394754199 — 58.490611516861 – 55.376382963338 – 47.396489541857 – 52.885642892151
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Tweezers Top – – –