The combination Binance Coin/Tether (BNB/USDT) moves from the ascending trendline downwards
A bearish movement downwards to the next support line at 644.43 is certain.
Caution: A possible change in the direction of the resistance zone at 676.47 could happen.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Two Crows’ candlestick pattern is existing. The candles show ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 783.57 |
| 2nd High | 687.82 |
| Next High | 676.47 |
| Current Price | 643.730000000 |
| Next Low | 644.43 |
| 2nd Low | 641.63 |
| 3rd Low | 635.02 |
676.47 – 687.82 – 666.55 – 644.43 – 663.4 – 650.11 —
652.340000000 – 648.890000000 —
35.141737022439 – 38.932457768713 —
– —
676.47 – 1773828000
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –