BNB/USDT – 30M – SELLThe currency pair Binance Coin/Tether (BNB/USDT) moves from the descending trendline down.
A continuation of the downward movement down to the next support level at 883.1 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 904.99 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 953.33 |
| 2nd High | 933.13 |
| Next High | 904.99 |
| Current Price | 891.710000000 |
| Next Low | 883.1 |
| 2nd Low | 878.18 |
| 3rd Low | 865.75 |
904.99 – 893.42 – 897.58 – 883.1 – 878.18 – 887.79 — 51.051407849974 – 48.818130896972 — 12.431555228655 – 16.604205340152 – 9.8382373594142 – 13.03285465292
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish Engulfing – – –