BNB/USDT – 30M – SELLThe currency pair Binance Coin/Tether (BNB/USDT) jumps from the bullish trendline down.
A bearish trend down to the next support line at 946.690000000 is certain.
Caution: A possible change in the direction of the resistance level at 963.000000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Evening Star’ chart pattern is found. The chart forms ‘Evening Star’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Evening Star’ heading down is 72% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 963.000000000 |
| Current Price | 948.360000000 |
| Next Low | 946.690000000 |
| 2nd Low | 921.940000000 |
| 3rd Low | 916.660000000 |
963.000000000 – 933.550000000 – 923.160000000 – 946.690000000 – 921.940000000 – 916.660000000 — 48.061921497185 – 42.657272335642
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Evening Star – Double top retreat up – –