BNB/USDT – 1H – SELLThe currency pair Binance Coin/Tether (BNB/USDT) moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 637.350000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 646.000000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 659.000000000 |
| 2nd High | 654.310000000 |
| Next High | 646.000000000 |
| Current Price | 631.090000000 |
| Next Low | 637.350000000 |
| 2nd Low | 625.440000000 |
| 3rd Low | 597.890000000 |
646.000000000 – 654.310000000 – 659.000000000 – 637.350000000 – 640.110000000 – 639.000000000
Trading Signals: FOREX – BNB – BNB/USDT – USDT – Three Black Crows