The combination Binance Coin/Tether (BNB/USDT) jumps from the descending trendline down.
A continuation of the downward movement down to the next support line at 836.62 is considered certain.
Caution: A possible change in the direction of the resistance zone at 853.2 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.
And also a ‘Three Black Crows’ candlestick chart pattern is detected. The candles show ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 883.61 |
| 2nd High | 854.49 |
| Next High | 853.2 |
| Current Price | 837.080000000 |
| Next Low | 836.62 |
| 2nd Low | 813.77 |
| 3rd Low | 790.79 |
853.2 – 854.49 – 842.93 – 843.15 – 836.62 – 813.77 — 38.97509920053 – 33.954695089733 — 0 – 0 – 27.279273661314 – 8.6234159595555
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Black Crows – – –