BNB/USDT – 30M – SELL

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

A descending movement downwards to the next support at 888.330000000 is expected.

Caution: A possible change in the direction of the resistance zone at 907.380000000 could be enabled.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 888.695 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 907.380000000 could be enabled.
Consider stop-loss settings accordingly.

There is also a ‘Three Outside Down’ candle pattern is detected. The candles show ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

907.380000000 – 885.760000000 – 883.530000000 – 888.330000000 – 871.380000000 – 872.000000000 — 48.321960692334 – 41.575404574962

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