BNB/USDT – 30M – SELLThe pair Binance Coin/Tether (BNB/USDT) moves from the bullish trendline down.
A bearish trend down to the next support line at 943.81 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 959.52 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 941.605 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 959.52 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Bearish Engulfing’ chart pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 978.61 |
| 2nd High | 972.2 |
| Next High | 959.52 |
| Current Price | 950.010000000 |
| Next Low | 943.81 |
| 2nd Low | 943.14 |
| 3rd Low | 935.5 |
959.52 – 940.03 – 938.56 – 943.81 – 943.14 – 935.5 — 56.108147543804 – 51.701122906087 — 48.641316889562 – 25.492211397191 – 58.351713414629 – 46.168915440343
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish Engulfing – – –