The combination Binance Coin/Tether (BNB/USDT) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 883.1 is certain.
Caution: A possible change in the direction of resistance at 904.99 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘%K crosses below %D’ indicator layout is detected. The indicator shows ‘%K crosses below %D’. which is often a bearish signal. The currency pair could go down.
Also there is a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 953.33 |
| 2nd High | 933.13 |
| Next High | 904.99 |
| Current Price | 892.270000000 |
| Next Low | 883.1 |
| 2nd Low | 878.18 |
| 3rd Low | 865.75 |
904.99 – 893.42 – 897.58 – 883.1 – 878.18 – 887.79 — 52.313344529286 – 50.532234606656 — 88.896703296703 – 72.615384615385 – 84.140978855442 – 85.865465533293