BNB/USDT – 1H – SELLThe combination Binance Coin/Tether (BNB/USDT) jumps from the descending trendline down.
A continuation of the downward movement down to the next support level at 829.59 is certain.
Caution: A possible change in the direction of resistance at 941.06 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Southern Doji’ candle chart pattern is found. The chart shows ‘Southern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 972.2 |
| 2nd High | 949.77 |
| Next High | 941.06 |
| Current Price | 812.410000000 |
| Next Low | 829.59 |
| 2nd Low | 818.88 |
| 3rd Low | 818.57 |
941.06 – 939.99 – 949.77 – 884.4 – 908.16 – 921.49 — 18.42647875394 – 18.409432724274 — 0 – 0 – 16.795922889431 – 4.0783415811114
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Southern Doji – – –