BNB/USDT – 4H – SELL

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

A descending movement downwards to the next support line at 821.21 is considered certain.

Caution: A possible change in the direction of resistance at 904.22 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘RSI fall below 70’ indicator layout is detected. The indicator is ‘RSI fall below 70’. which is often a bearish signal. The pair is likely to go down.

Additionally a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

877.29 – 871 – 862.33 – 821.21 – 845.5 – 818.39 — 77.027080813017 – 56.198396988994 — 40.433314918131 – 36.428076951907 – 43.808504053069 – 38.586206405957

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –