Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 666.73 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 687.82 should always be considered.
Consider stop-loss settings accordingly.
There is also a ‘Bearish Belt Hold’ candle pattern is detected. The candles show ‘Bearish Belt Hold’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 765.33 |
| 2nd High | 700.37 |
| Next High | 687.82 |
| Current Price | 675.490000000 |
| Next Low | 656.83 |
| 2nd Low | 650.11 |
| 3rd Low | 645.64 |
687.82 – 679 – 666.55 – 656.83 – 650.11 – 652.52 —
685.480000000 – 677.720000000 —
63.621467428344 – 53.640616439028 —
– —
687.82 – 1773635400
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish Belt Hold – – –