BNB/USDT – 30M – SELLThe pair Binance Coin/Tether (BNB/USDT) goes from the ascending trendline down.
A bearish descent downwards to the next support at 837.560000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 858.890000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Tweezers Top’ chart pattern is existing. The chart forms ‘Tweezers Top’. 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 ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 861.100000000 |
| Next High | 858.890000000 |
| Current Price | 859.320000000 |
| Next Low | 837.560000000 |
| 2nd Low | 828.230000000 |
| 3rd Low | 797.730000000 |
858.890000000 – 839.900000000 – 815.000000000 – 837.560000000 – 828.230000000 – 797.730000000 — 67.022012207721 – 54.968913267637
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Tweezers Top – Triple bottom chart pattern – –