BNB/USDT – 1H – SELL

The currency pair Binance Coin/Tether (BNB/USDT) jumps from the bearish trendline downwards

A continuation of the downward movement down to the next support level at 886.79 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 916.13 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Bearish Engulfing’ candlestick chart pattern is existing. The chart shows ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

916.13 – 928.24 – 910.57 – 886.79 – 801.7 – 868.25 — 48.254995737406 – 45.239641972098 — 50.849295265631 – 40.131682480496 – 54.773320483476 – 48.718351052909

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish Engulfing – – –