BNB/USDT – 30M – SELLThere is also a ‘Double bottom retreat down’ chart layout is found. The chart shows ‘Double bottom retreat down’. this is a bearish chart scenario. The currency pair is likely to go down.
The currency pair Binance Coin/Tether (BNB/USDT) moves from the bullish trendline downwards
A descending movement downwards to the next support line at 836.08 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 855.46 could be enabled.
Consider stop-loss settings accordingly.
There is also a ‘%K crosses below %D’ indicator signal is existing. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The pair is likely to go down.
There is also a ‘Tweezers Top’ candlestick chart pattern is detected. The candles show ‘Tweezers Top’. 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 probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 941.06 |
| 2nd High | 883.61 |
| Next High | 855.46 |
| Current Price | 841.620000000 |
| Next Low | 836.08 |
| 2nd Low | 813.77 |
| 3rd Low | 790.79 |
855.46 – 853.2 – 854.49 – 836.08 – 843.15 – 836.62 — 58.723002556841 – 41.563631570449 — 86.13641580032 – 58.155204460967 – 85.373108033673 – 76.146401622559
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Tweezers Top – Double bottom retreat down – –