BNB/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 790.79 will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 862.09 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Outside Down’ candle chart pattern is found. The candles form ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

862.09 – 869.77 – 906.67 – 831.83 – 833.08 – 835.55 —
810.270000000 – 781.310000000 —
12.201089560341 – 11.618286735047 —
– —
862.09000 – 1769805000

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