Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 621.61 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 666.16 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three Outside Down’ candle chart pattern is existing. The candles show ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 909.43 |
| 2nd High | 783.57 |
| Next High | 666.16 |
| Current Price | 644.620000000 |
| Next Low | 588.64 |
| 2nd Low | 577.06 |
| 3rd Low | 570.06 |
666.16 – 652.87 – 640.55 – 588.64 – 577.06 – 596 —
663.120000000 – 651.620000000 —
65.150622690439 – 56.05298730813 —
– —
666.16 – 1772640000
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Down – – –