BNB/USDT – 1H – SELLBesides a ‘Double top chart pattern’ chart pattern is found. The chart picture shows ‘Double top chart pattern’. which is a bearish signal. The currency pair is likely to fall.
The combination Binance Coin/Tether (BNB/USDT) goes from the ascending trendline downwards
A bearish movement downwards to the next support line at 642.150000000 is likely expected.
Caution: A possible change in the direction of the resistance level at 655.470000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a negative signal. The pair is likely to go down.
Besides a ‘Three Black Crows’ candle chart pattern is found. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 691.240000000 |
| 2nd High | 674.140000000 |
| Next High | 655.470000000 |
| Current Price | 641.520000000 |
| Next Low | 642.150000000 |
| 2nd Low | 639.690000000 |
| 3rd Low | 625.440000000 |
655.470000000 – 674.140000000 – 667.970000000 – 642.150000000 – 657.260000000 – 648.010000000
Trading Signals: FOREX – BNB – BNB/USDT – USDT – Three Black Crows