The combination Binance Coin/Tether (BNB/USDT) moves from the bullish trendline downwards
The bearish trend downwards to the next support line at 881.6 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 899.8 could occur.
In the case of a trade, always set appropriate stop-loss settings.
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 is likely to fall.
Then a ‘%K fall below 80’ indicator signal is found. The indicator is ‘%K fall below 80’. this is usually a bearish chart signal. The currency pair is likely to fall.
Then a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair could go down.
Then a ‘Matching Low’ candle pattern is found. The candles show ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 941.06 |
| 2nd High | 904.86 |
| Next High | 899.8 |
| Current Price | 884.410000000 |
| Next Low | 881.6 |
| 2nd Low | 851.72 |
| 3rd Low | 837.47 |
899.8 – 904.86 – 897.25 – 881.6 – 883.8 – 889.25 — 39.911284188568 – 39.759941896363 — 27.837998808815 – 0 – 56.200022595994 – 28.833300244855
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –