BNB/USDT – 30M – SELLThe combination Binance Coin/Tether (BNB/USDT) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 639.160000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 647.580000000 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 642.34128 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 647.580000000 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 652.640000000 |
| 2nd High | 650.000000000 |
| Next High | 647.580000000 |
| Current Price | 644.640000000 |
| Next Low | 639.160000000 |
| 2nd Low | 601.250000000 |
| 3rd Low | 597.890000000 |
647.580000000 – 650.000000000 – 648.530000000 – 639.160000000 – 641.120000000 – 644.000000000
Trading Signals: FOREX – BNB – BNB/USDT – USDT – Three Black Crows –