BNB/USDT – 1H – SELLThen a ‘Double bottom retreat down’ chart layout is discovered. The formation shows ‘Double bottom retreat down’. which is a negative pattern signal. The currency pair is likely to go down.
The combination Binance Coin/Tether (BNB/USDT) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support line at is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 856.680000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair could go down.
Then a ‘Three Black Crows’ candlestick pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. 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 | 881.360000000 |
| 2nd High | 869.150000000 |
| Next High | 856.680000000 |
| Current Price | 854.470000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
856.680000000 – 869.150000000 – 867.700000000 – 840.710000000 – 840.000000000 – 857.000000000 — 54.567053996881 – 49.30139420659
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Black Crows – Double bottom retreat down – –