In addition a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 620.3362 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support zone at 665.42 could happen.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Black Crows’ candle chart pattern is detected. The chart forms ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 668.57 |
| 2nd High | 666.16 |
| Next High | 665.42 |
| Current Price | 635.520000000 |
| Next Low | 607.86 |
| 2nd Low | 588.64 |
| 3rd Low | 581.51 |
620.11 – 624.27 – 665.42 – 607.86 – 611.82 – 614.34 —
637.580000000 – 640.650000000 —
56.942404390582 – 60.450495593959 —
– —
620.11 – 1773001800
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –