BNB/USDT – 1H – SELLIn addition a ‘Double bottom retreat down’ chart layout is discovered. The chart shows ‘Double bottom retreat down’. which is a negative signal. The currency pair is likely to go down.
The currency pair Binance Coin/Tether (BNB/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at will persist.
Caution: A possible counter-trend in the direction of the resistance line at 856.680000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair could go down.
In addition a ‘Three Black Crows’ candlestick chart pattern is found. The chart forms ‘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 probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 881.360000000 |
| 2nd High | 869.150000000 |
| Next High | 856.680000000 |
| Current Price | 854.470000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
856.680000000 – 869.150000000 – 867.700000000 – 840.710000000 – 840.000000000 – 857.000000000 — 54.567053996881 – 49.30139420659
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Black Crows – Double bottom retreat down – –