The combination Binance Coin/Tether (BNB/USDT) breaks through the descending trendline upwards
A bullish trend up to the next resistance line at 577 is expected.
Caution: A possible counter-trend in the direction of the support zone at 562.37 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bearish Harami Cross’ candle chart pattern is detected. The candles form ‘Bearish Harami Cross’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami Cross’ heading down is 57% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 585.87 |
| 2nd High | 581.21 |
| Next High | 577 |
| Current Price | 566.190000000 |
| Next Low | 562.37 |
| 2nd Low | 560.4 |
| 3rd Low | 556.16 |
577 – 581.21 – 585.87 – 574.28 – 574.57 – 577.85 —
559.590000000 – 564.950000000 —
24.62916301724 – 44.735141435948 —
– —
577 – 1784239200
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish Harami Cross – – –