The combination Binance Coin/Tether (BNB/USDT) goes from the ascending trendline down.
The bearish trend downwards to the next support level at 902.23 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 915.91 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘%K crosses above %D’ indicator signal is found. The indicator shows ‘%K crosses above %D’. which is often a bullish signal. The currency pair could go up.
There is also a ‘Bearish Engulfing’ candle pattern is discovered. The candles show ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 923.93 |
| 2nd High | 920.27 |
| Next High | 915.91 |
| Current Price | 911.820000000 |
| Next Low | 902.23 |
| 2nd Low | 898.98 |
| 3rd Low | 885.28 |
915.91 – 910.22 – 905 – 902.23 – 898.98 – 885.28 — 53.789426438979 – 50.433684961975 — 1.157311730181 – 1.157311730181 – 6.3266248570647 – 0.9450044265483
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish Engulfing – – –