BNB/USDT – 30M – SELLBesides a ‘Double bottom retreat down’ chart layout is detected. The formation shows ‘Double bottom retreat down’. which is a negative pattern signal. The currency pair is likely to go down.
The pair Binance Coin/Tether (BNB/USDT) jumps from the ascending trendline down.
A descending movement down to the next support level at 843.15 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 853.2 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three Black Crows’ chart pattern is found. The candles show ‘Three Black Crows’. which is a negative pattern signal. The 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 | 883.61 |
| 2nd High | 854.49 |
| Next High | 853.2 |
| Current Price | 847.640000000 |
| Next Low | 843.15 |
| 2nd Low | 836.62 |
| 3rd Low | 813.77 |
853.2 – 854.49 – 842.93 – 843.15 – 836.62 – 813.77 — 63.006344418698 – 49.243589783733 — 89.41272683067 – 56.079393497337 – 94.268431177478 – 80.763138312372
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Black Crows – Double bottom retreat down – –