The pair Binance Coin/Tether (BNB/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 736.08 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 778.22 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.
There is also a ‘Three Inside Down’ candlestick pattern is discovered. The candles show ‘Three Inside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 789.72 |
| 2nd High | 783.57 |
| Next High | 778.22 |
| Current Price | 758.540000000 |
| Next Low | 736.08 |
| 2nd Low | 728.44 |
| 3rd Low | 725.1 |
778.22 – 783.57 – 781.58 – 736.08 – 762.7 – 767.6 —
755.630000000 – 764.310000000 —
43.638507672678 – 50.943113708134 —
– —
778.22 – 1770132600
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Inside Down – – –