BNB/USDT – 1H – SELL

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

A bearish trend downwards to the next support level at 893.200000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 909.43 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair could go down.

Next a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 889.055 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 909.43 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Outside Down’ candle chart pattern is discovered. The candles form ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

909.43 – 888.25 – 904.99 – 893.200000000 – 897.18 – 868.68 —
901.240000000 – 905.800000000 —
40.555991885571 – 55.329171350818 —
893.200000000 – 1769652000 —
909.43000 – 1769594400

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