BNB/USDT – 30M – SELLAdditionally a ‘Double top chart pattern’ chart formation is found. The chart forms ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The currency pair Binance Coin/Tether (BNB/USDT) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 1285 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 1324.74 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘%K crosses below %D’ indicator layout is detected. The indicator is ‘%K crosses below %D’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Additionally a ‘Bearish Belt Hold’ candlestick pattern is discovered. The candles show ‘Bearish Belt Hold’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1334.19 |
| 2nd High | 1327.74 |
| Next High | 1324.74 |
| Current Price | 1280.400000000 |
| Next Low | 1285 |
| 2nd Low | 1264.32 |
| 3rd Low | 1260.68 |
1324.74 – 1327.74 – 1334.19 – 1285 – 1264.32 – 1260.68 — 51.124703971239 – 37.565466238047 — 29.823395557704 – 15.262087436316 – 24.950831336381 – 21.540237754821
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish Belt Hold – Double top chart pattern – –