BNB/USDT – 1H – SELL

The pair Binance Coin/Tether (BNB/USDT) moves from the descending trendline down.

A continuation of the downtrend down to the next support at 856.14 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 933.13 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Matching Low’ candlestick chart pattern is discovered. The chart forms ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

933.13 – 930 – 953.33 – 901 – 923.69 – 924.05 —
908.500000000 – 891.220000000 —
23.820285080229 – 22.59136907392 —
– —
933.13000 – 1768870800

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Matching Low – – –