The pair Binance Coin/Tether (BNB/USDT) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support at 728.44 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 783.57 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.
In addition a ‘Three Black Crows’ chart pattern is found. The candles show ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 906.67 |
| 2nd High | 862.09 |
| Next High | 783.57 |
| Current Price | 711.080000000 |
| Next Low | 728.44 |
| 2nd Low | 725.1 |
| 3rd Low | 718.73 |
783.57 – 781.58 – 770.61 – 736.08 – 762.7 – 728.44 —
762.270000000 – 736.700000000 —
45.606046165295 – 31.876889685265 —
– —
783.57 – 1770102000
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Black Crows – – –