BNB/USDT – 30M – SELL

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 614.595 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 632.16 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Down’ candlestick chart pattern is existing. The chart shows ‘Three Outside Down’. which is a negative 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’ heading down is 69% (Bull Market) & 70% (Bear Market).

632.16 – 615.6 – 633.65 – 618.71 – 588.64 – 605.25 —
622.860000000 – 629.600000000 —
47.270653011385 – 62.136695004421 —
– —
632.16 – 1772334000

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –