BNB/USDT – 1H – SELL

There is also a ‘Double bottom chart pattern’ chart layout is discovered. The chart forms ‘Double bottom chart pattern’. which is a bullish signal. The currency pair is likely to go up.

The pair Binance Coin/Tether (BNB/USDT) moves from the ascending trendline downwards

A descending movement down to the next support line at 923.69 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 945.71 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘%K crosses above %D’ indicator layout is existing. The indicator shows ‘%K crosses above %D’. which could be a positive signal. The pair is likely to go up.

There is also a ‘Three Outside Up’ chart pattern is detected. The candles show ‘Three Outside Up’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

938.56 – 945.71 – 949.85 – 923.69 – 924.05 – 929.05 — 55.914897906128 – 63.137378807782 — 62.186028060135 – 73.030729727491 – 71.098369141693 – 67.238220464398

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Up – Double bottom chart pattern – –