BNB/USDT – 1H – SELLThe pair Binance Coin/Tether (BNB/USDT) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support at 894 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 933.13 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three Black Crows’ candlestick chart pattern is detected. The candles form ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 959.52 |
| 2nd High | 953.33 |
| Next High | 933.13 |
| Current Price | 881.010000000 |
| Next Low | 894 |
| 2nd Low | 885.28 |
| 3rd Low | 856.14 |
933.13 – 930 – 953.33 – 901 – 923.69 – 924.05 —
905.560000000 – 897.220000000 —
29.787890196142 – 26.683955160085 —
– —
933.13000 – 1768870800
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Black Crows – – –