BNB/USDT – 30M – SELLThe currency pair Binance Coin/Tether (BNB/USDT) jumps from the bullish trendline downwards
The bearish trend downwards to the next support at 910.42 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 939.99 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. which is often a bearish signal. The currency pair could go down.
Moreover a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.
Moreover a ‘Three Outside Down’ candle pattern is existing. The candles show ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 972.2 |
| 2nd High | 949.77 |
| Next High | 939.99 |
| Current Price | 932.080000000 |
| Next Low | 910.42 |
| 2nd Low | 884.4 |
| 3rd Low | 880.8 |
939.99 – 925 – 918.75 – 910.42 – 884.4 – 891.72 — 55.734086057889 – 52.033534033675 — 69.819279982577 – 50.504168549143 – 66.534066581508 – 63.707368255235
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Down – – –