The combination Binance Coin/Tether (BNB/USDT) goes from the bullish trendline downwards
A descending movement downwards to the next support line at 602.79 is expected.
Caution: A possible change in the direction of resistance at 630 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Two Crows’ candle chart pattern is detected. The candles form ‘Two Crows’. which 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 729.57 |
| 2nd High | 701.73 |
| Next High | 630 |
| Current Price | 614.230000000 |
| Next Low | 602.79 |
| 2nd Low | 599.33 |
| 3rd Low | 596.58 |
613.03 – 612.33 – 611.08 – 602.79 – 608 – 606.69 —
618.290000000 – 617.150000000 —
65.778087941549 – 55.379034762489 —
– —
613.03 – 1781431200
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Two Crows – – –