BNB/USDT – 1H – SELL

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

A continuation of the bearish trend down to the next support line at 587.14 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 644.07 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Two Crows’ candle chart pattern is existing. The candles form ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

644.07 – 669.65 – 783.57 – 587.14 – 613.8 – 616.01 —
593.420000000 – 610.460000000 —
28.440113843016 – 53.265489973903 —
– —
644.07 – 1770667200

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Two Crows – – –