BNB/USDT – 30M – SELLThe currency pair Binance Coin/Tether (BNB/USDT) moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 820.73 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 899.75 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Two Crows’ candlestick pattern is found. The chart forms ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 941.06 |
| 2nd High | 906.5 |
| Next High | 899.75 |
| Current Price | 810.110000000 |
| Next Low | 820.73 |
| 2nd Low | 813.77 |
| 3rd Low | 790.79 |
899.75 – 878.94 – 906.5 – 820.73 – 869.56 – 868.25 — 25.771199745515 – 25.597856572388 — 12.297419238405 – 12.279371954521 – 34.897431269927 – 20.054141851651
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Two Crows – – –