The combination Binance Coin/Tether (BNB/USDT) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support level at 836.62 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 854.49 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘%K crosses below %D’ indicator layout is detected. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 941.06 |
| 2nd High | 883.61 |
| Next High | 854.49 |
| Current Price | 845.170000000 |
| Next Low | 836.62 |
| 2nd Low | 813.77 |
| 3rd Low | 790.79 |
854.49 – 842.93 – 836.36 – 836.62 – 813.77 – 813.85 — 55.479680409472 – 52.28753814686 — 50.569936224858 – 37.936109427755 – 41.49520484037 – 43.186256120201