BNB/USDT – 30M – SELLThe currency pair Binance Coin/Tether (BNB/USDT) jumps from the ascending trendline downwards
A bearish descent down to the next support level at 897.18 is considered certain.
Caution: A possible change in the direction of the resistance line at 909.43 is within the realm of possibility.
Consider stop-loss settings accordingly.
Next a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair could go down.
Next a ‘Two Crows’ candlestick chart pattern is found. The chart forms ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 953.33 |
| 2nd High | 933.13 |
| Next High | 909.43 |
| Current Price | 901.670000000 |
| Next Low | 897.18 |
| 2nd Low | 894.41 |
| 3rd Low | 876.88 |
909.43 – 901.22 – 888.25 – 897.18 – 894.41 – 876.88 —
901.370000000 – 907.710000000 —
45.263541084209 – 60.813403315259 —
– —
909.43000 – 1769594400
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Two Crows – – –