BNB/USDT – 30M – SELL

The combination Binance Coin/Tether (BNB/USDT) moves from the bearish trendline downwards

A continuation of the downward movement down to the next support level at is expected.

Caution: A possible change in the direction of the resistance level at 897.58 could occur.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The pair is likely to go down.

Next a ‘%K crosses below %D’ indicator layout is found. The indicator is ‘%K crosses below %D’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 881.06 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 897.58 could occur.
Consider stop-loss settings accordingly.

Next a ‘Bearish Engulfing’ candle pattern is discovered. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

897.58 – 894.28 – 893.69 – 878.18 – 887.79 – 865.75 —
888.530000000 – 889.640000000 —
48.685720559298 – 50.955518600028 —
– —
897.58000 – 1769077800

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