The pair Binance Coin/Tether (BNB/USDT) goes from the descending trendline down.
A continuation of the downtrend downwards to the next support line at 644.43 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 656.4 should always be considered.
Consider stop-loss settings accordingly.
Besides a ‘Three Black Crows’ candle chart pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 687.82 |
| 2nd High | 676.47 |
| Next High | 656.4 |
| Current Price | 645.520000000 |
| Next Low | 644.43 |
| 2nd Low | 641.63 |
| 3rd Low | 635.02 |
656.4 – 676.47 – 674.85 – 644.43 – 645.3 – 665.52 —
649.820000000 – 648.710000000 —
39.489895651744 – 45.936554673182 —
– —
656.4 – 1773889200
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Black Crows – – –