BNB/USDT – 30M – SELLThe currency pair Binance Coin/Tether (BNB/USDT) jumps from the bullish trendline downwards
The bearish trend downwards to the next support line at 641.04 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 656.4 is within the realm of possibility.
Consider stop-loss settings accordingly.
There is also a ‘Last Engulfing Top’ candlestick pattern is detected. The chart forms ‘Last Engulfing Top’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 687.82 |
| 2nd High | 676.47 |
| Next High | 656.4 |
| Current Price | 636.920000000 |
| Next Low | 641.04 |
| 2nd Low | 635.02 |
| 3rd Low | 633.83 |
656.4 – 676.47 – 674.85 – 641.04 – 644.43 – 645.3 —
648.890000000 – 639.820000000 —
46.648931765938 – 29.162999639504 —
– —
656.4 – 1773889200
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Last Engulfing Top – Symmetrical Triangle Chart Pattern – –