BNB/USDT – 1H – SELLThe currency pair Binance Coin/Tether (BNB/USDT) goes from the ascending trendline downwards
A descent downwards to the next support level at 797.730000000 is certain.
Caution: A possible counter-trend in the direction of resistance at 861.100000000 could happen.
Consider stop-loss settings accordingly.
Then a ‘Bearish Engulfing’ candlestick chart pattern is found. The chart shows ‘Bearish Engulfing’. 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 ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 861.100000000 |
| Current Price | 839.890000000 |
| Next Low | 797.730000000 |
| 2nd Low | 792.000000000 |
| 3rd Low | 765.000000000 |
815.000000000 – 827.590000000 – 815.500000000 – 797.730000000 – 792.000000000 – 793.680000000 — 56.160579908069 – 51.32097880764
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish Engulfing – – –