BNB/USDT – 30M – SELLThe pair Binance Coin/Tether (BNB/USDT) jumps from the descending trendline downwards
A continuation of the downtrend down to the next support level at 625.440000000 will persist.
Caution: A possible trend reversal in the direction of resistance at 646.000000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Bearish Engulfing’ chart pattern is detected. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 659.000000000 |
| 2nd High | 654.310000000 |
| Next High | 646.000000000 |
| Current Price | 631.090000000 |
| Next Low | 625.440000000 |
| 2nd Low | 597.890000000 |
| 3rd Low | 593.230000000 |
646.000000000 – 654.310000000 – 659.000000000 – 639.270000000 – 637.350000000 – 640.110000000
Trading Signals: FOREX – BNB – BNB/USDT – USDT – Bearish Engulfing