BNB/USDT – 30M – SELLThe combination Binance Coin/Tether (BNB/USDT) goes from the bearish trendline down.
A continuation of the bearish trend down to the next support at 657.260000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 667.970000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Inside Down’ candlestick pattern is detected. The candles form ‘Three Inside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 670.990000000 |
| 2nd High | 670.920000000 |
| Next High | 667.970000000 |
| Current Price | 663.630000000 |
| Next Low | 657.260000000 |
| 2nd Low | 648.010000000 |
| 3rd Low | 646.490000000 |
667.970000000 – 656.390000000 – 650.620000000 – 657.260000000 – 648.010000000 – 646.490000000
Trading Signals: FOREX – BNB – BNB/USDT – USDT – Three Inside Down