BNB/USDT – 1H – SELLThe currency pair Binance Coin/Tether (BNB/USDT) moves from the ascending trendline downwards
A bearish descent down to the next support level at is likely expected.
Caution: A possible trend reversal in the direction of resistance at 920.27 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair could go down.
Then a ‘Three Black Crows’ candle pattern is detected. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 928.24 |
| 2nd High | 923.93 |
| Next High | 920.27 |
| Current Price | 896.750000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
920.27 – 923.93 – 916.55 – 891.66 – 902.96 – 890.59 — 36.722976059421 – 35.737415921541 — 0 – 0 – 0 – 0
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –