The currency pair Binance Coin/Tether (BNB/USDT) moves from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 587.14 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 611.85 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.
There is also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
There is also a ‘Three Black Crows’ chart pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 642 |
| 2nd High | 624.14 |
| Next High | 611.85 |
| Current Price | 606.580000000 |
| Next Low | 587.14 |
| 2nd Low | 570.06 |
| 3rd Low |
611.85 – 624.14 – 642 – 587.14 – 613.8 – 616.01 —
596.220000000 – 613.350000000 —
41.490787262475 – 60.281452837961 —
– —
611.85 – 1770818400
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Black Crows – – –