BNB/USDT – 30M – SELLThe pair Binance Coin/Tether (BNB/USDT) jumps from the bullish trendline downwards
A bearish movement down to the next support line at 585.15 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 592.56 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘Last Engulfing Top’ candlestick pattern is found. The candles show ‘Last Engulfing Top’. which is a negative pattern signal. The pair is likely to go down. 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 | 612.5 |
| 2nd High | 604.31 |
| Next High | 592.56 |
| Current Price | 593.440000000 |
| Next Low | 585.15 |
| 2nd Low | 582 |
| 3rd Low | 571 |
592.56 – 591.83 – 589 – 585.15 – 582 – 571 —
588.620000000 – 595.320000000 —
41.587448823481 – 64.732717294092 —
– —
592.56 – 1782068400
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Last Engulfing Top – Symmetrical Triangle Chart Pattern – –