BNB/USDT – 1H – SELLBesides a ‘Double top chart pattern’ chart pattern is existing. The chart picture forms ‘Double top chart pattern’. which is a bearish signal. The currency pair is likely to fall.
The currency pair Binance Coin/Tether (BNB/USDT) goes from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 616.01 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 644.07 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bearish Belt Hold’ candle pattern is detected. The candles form ‘Bearish Belt Hold’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 783.57 |
| 2nd High | 669.65 |
| Next High | 644.07 |
| Current Price | 615.850000000 |
| Next Low | 616.01 |
| 2nd Low | 570.06 |
| 3rd Low |
644.07 – 669.65 – 783.57 – 616.01 – 632.3 – 640.07 —
635.380000000 – 623.490000000 —
43.132713391429 – 37.559416379389 —
– —
644.07 – 1770667200
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish Belt Hold – Double top chart pattern – –