BNB/USDT – 1H – SELLThe pair Binance Coin/Tether (BNB/USDT) moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 896.85 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 910.81 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Bearish Separating Lines’ candle chart pattern is detected. The candles form ‘Bearish Separating Lines’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Separating Lines’ going down is 63% (Bull Market) & 76% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 920.27 |
| 2nd High | 917.33 |
| Next High | 910.81 |
| Current Price | 905.220000000 |
| Next Low | 896.85 |
| 2nd Low | 885.28 |
| 3rd Low | 856.14 |
910.81 – 917.33 – 915.91 – 896.85 – 885.28 – 891.66 — 55.47488771268 – 50.25447556595 — 91.031887991118 – 90.04242528014 – 84.927047568138 – 89.227256064754
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish Separating Lines – – –