BNB/USDT – 30M – SELL

The currency pair Binance Coin/Tether (BNB/USDT) goes from the ascending trendline downwards

A descending movement downwards to the next support at 725.100000000 will continue.

Caution: A possible change in the direction of the resistance zone at 781.990000000 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 750.36 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 781.990000000 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Down’ candlestick chart pattern is found. The candles form ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

781.990000000 – 742.500000000 – 739.300000000 – 725.100000000 – 727.300000000 – 728.180000000

Trading Signals: FOREX – BNB – BNB/USDT – USDT – Three Outside Down –