BNB/USDT – 30M – SELLThe combination Binance Coin/Tether (BNB/USDT) moves from the ascending trendline downwards
A descent downwards to the next support level at 658.330000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 667.710000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three Outside Down’ candlestick chart pattern is detected. The candles form ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 670.920000000 |
| 2nd High | 667.970000000 |
| Next High | 667.710000000 |
| Current Price | 670.890000000 |
| Next Low | 658.330000000 |
| 2nd Low | 657.260000000 |
| 3rd Low | 648.010000000 |
667.710000000 – 667.970000000 – 656.390000000 – 658.330000000 – 657.260000000 – 648.010000000
Trading Signals: FOREX – BNB – BNB/USDT – USDT – Three Outside Down