The pair Binance Coin/Tether (BNB/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 639.16 will continue.
Caution: A possible change in the direction of the resistance level at 783.57 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair is likely to fall.
Then a ‘Two Crows’ candle chart pattern is discovered. The candles form ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 906.67 |
| 2nd High | 862.09 |
| Next High | 783.57 |
| Current Price | 623.050000000 |
| Next Low | 639.16 |
| 2nd Low | 601.25 |
| 3rd Low |
783.57 – 781.58 – 770.61 – 736.08 – 762.7 – 728.44 —
624.390000000 – 642.490000000 —
22.279474612168 – 44.149003712315 —
– —
783.57 – 1770102000
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Two Crows – – –