BNB/USDT – 1H – SELLThe currency pair Binance Coin/Tether (BNB/USDT) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 550.37 will continue.
Caution: A possible change in the direction of the resistance zone at 570.34 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Tweezers Top’ chart pattern is detected. The chart shows ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 582.21 |
| 2nd High | 572.72 |
| Next High | 570.34 |
| Current Price | 565.300000000 |
| Next Low | 550.37 |
| 2nd Low | 540.6 |
| 3rd Low |
570.34 – 572.72 – 582.21 – 550.37 – 540.6 – 546.6 —
568.680000000 – 568.980000000 —
52.509609675379 – 55.03734306103 —
– —
570.34 – 1782457200
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Tweezers Top – – –