BNB/USDT – 30M – SELLThe pair Binance Coin/Tether (BNB/USDT) jumps from the descending trendline down.
A continuation of the downward movement down to the next support line at 896.85 is expected.
Caution: A possible change in the direction of resistance at 910.81 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair is likely to fall.
In addition a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.
In addition a ‘Southern Doji’ candlestick chart pattern is discovered. The chart shows ‘Southern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 920.27 |
| 2nd High | 917.33 |
| Next High | 910.81 |
| Current Price | 904.510000000 |
| Next Low | 896.85 |
| 2nd Low | 885.28 |
| 3rd Low | 865.26 |
910.81 – 917.33 – 915.91 – 896.85 – 902.23 – 898.98 — 52.453560981585 – 52.027083104762 — 85.368071341144 – 76.316372326164 – 93.096695226438 – 85.202152668493
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –