BNB/USDT – 30M – SELL

The currency pair Binance Coin/Tether (BNB/USDT) goes from the descending trendline downwards

A continuation of the downward movement down to the next support at 611.82 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 620.11 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The chart shows ‘Bearish Engulfing’. 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 success rate of a ‘Bearish Engulfing’ heading down is 79%.

620.11 – 624.27 – 665.42 – 611.82 – 614.34 – 625.42 —
618.140000000 – 618.710000000 —
49.138463938349 – 48.375439715085 —
– —
620.11 – 1773001800

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