The combination Binance Coin/Tether (BNB/USDT) goes from the bullish trendline downwards
The bearish trend downwards to the next support at 596.03 is certain.
Caution: A possible trend reversal in the direction of resistance at 607.33 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.
Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.
Furthermore a ‘Tweezers Top’ chart pattern is found. The candles form ‘Tweezers Top’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 610.54 |
| 2nd High | 610.44 |
| Next High | 607.33 |
| Current Price | 604.890000000 |
| Next Low | 596.03 |
| 2nd Low | 582.1 |
| 3rd Low | 580.68 |
607.33 – 603.77 – 598.52 – 596.03 – 582.1 – 580.68 —
603.670000000 – 606.950000000 —
48.449841403869 – 61.173052304037 —
– —
607.33 – 1781200800
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Tweezers Top – – –