The currency pair Binance Coin/Tether (BNB/USDT) moves from the descending trendline down.
A continuation of the downtrend downwards to the next support line at is certain.
Caution: A possible counter-trend in the direction of the resistance level at 669.65 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair could go down.
Then a ‘StochOSC Hidden Bearish Divergence’ indicator signal is found. The indicator is ‘StochOSC Hidden Bearish Divergence’. this is usually a bearish chart signal. The currency pair could go down.
Then a ‘Three Outside Down’ candle pattern is detected. The chart shows ‘Three Outside Down’. 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 probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 765.33 |
| 2nd High | 700.37 |
| Next High | 669.65 |
| Current Price | 657.210000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
669.65 – 642.49 – 700.37 – 570.06 – 686 – 687.3 —
658.020000000 – 667.410000000 —
59.739083053577 – 64.422076367145 —
– —
669.65 – 1770399000
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Down – – –