BNB/USDT – 1H – SELLThe currency pair Binance Coin/Tether (BNB/USDT) jumps from the ascending trendline down.
A descent down to the next support line at 894 is expected.
Caution: A possible change in the direction of the resistance line at 949.85 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘%K fall below 80’ indicator signal is found. The indicator shows ‘%K fall below 80’. this is usually a bearish chart signal. The currency pair could go down.
Furthermore a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.
Furthermore a ‘Three Black Crows’ candlestick chart pattern is existing. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 972.2 |
| 2nd High | 954.68 |
| Next High | 949.85 |
| Current Price | 925.440000000 |
| Next Low | 894 |
| 2nd Low | 885.28 |
| 3rd Low | 856.14 |
949.85 – 954.68 – 910.81 – 929.05 – 928.5 – 894 — 37.010260002586 – 34.462329715515 — 12.710917420941 – 0 – 30.203935473996 – 14.649912234002
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Black Crows – Head and Shoulder chart pattern – –