BNB/USDT – 30M – SELLThe combination Binance Coin/Tether (BNB/USDT) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support at 867.000000000 is expected.
Caution: A possible trend reversal in the direction of resistance at 933.13 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Last Engulfing Top’ chart pattern is found. The chart forms ‘Last Engulfing Top’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 959.52 |
| 2nd High | 953.33 |
| Next High | 933.13 |
| Current Price | 879.680000000 |
| Next Low | 867.000000000 |
| 2nd Low | |
| 3rd Low |
933.13 – 930 – 953.33 – 867.000000000 – 887.24 – 908.66 —
884.200000000 – 882.130000000 —
15.388645313926 – 36.420210128338 —
867.000000000 – 1768953600 —
933.13000 – 1768872600
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Last Engulfing Top – – –