BNB/USDT – 1H – SELLThe pair Binance Coin/Tether (BNB/USDT) goes from the ascending trendline down.
A bearish trend downwards to the next support line at 891.270000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 929.900000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Last Engulfing Bottom:’ candle chart pattern is discovered. The candles show ‘Last Engulfing Bottom:’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 929.900000000 |
| Current Price | 925.360000000 |
| Next Low | 891.270000000 |
| 2nd Low | 871.380000000 |
| 3rd Low | 870.010000000 |
929.900000000 – 904.530000000 – 907.380000000 – 891.270000000 – 871.380000000 – 872.000000000 — 70.173682617464 – 48.240028273929
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Last Engulfing Bottom: – – –