BNB/USDT – 1H – SELL

The combination Binance Coin/Tether (BNB/USDT) jumps from the ascending trendline downwards

A descending movement down to the next support level at 820.600000000 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 853.530000000 should be noted.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair could go down.

In addition a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 808.5636 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of support at 853.530000000 should be noted.
Consider stop-loss settings accordingly.

In addition a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

853.530000000 – 869.400000000 – 858.890000000 – 820.600000000 – 837.560000000 – 797.730000000 — 35.845000345773 – 31.061607704934

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Black Crows – – –