BNB/USDT – 30M – SELLThe pair Binance Coin/Tether (BNB/USDT) moves from the bullish trendline down.
A bearish movement downwards to the next support at 902.23 is considered certain.
Caution: A possible change in the direction of the resistance level at 915.91 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘%K crosses above %D’ indicator layout is detected. The indicator is ‘%K crosses above %D’. which could be a positive signal. The currency pair is likely to rise.
Besides a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart forms ‘Bearish Engulfing’. 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 success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 923.93 |
| 2nd High | 920.27 |
| Next High | 915.91 |
| Current Price | 911.820000000 |
| Next Low | 902.23 |
| 2nd Low | 898.98 |
| 3rd Low | 885.28 |
915.91 – 910.22 – 905 – 902.23 – 898.98 – 885.28 — 53.789426438979 – 50.433684961975 — 1.157311730181 – 1.157311730181 – 6.3266248570647 – 0.9450044265483
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish Engulfing – – –