BNB/USDT – 30M – SELL

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

A descent downwards to the next support at 645.64 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 664 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Bearish Engulfing’ chart pattern is discovered. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

664 – 657.7 – 656.29 – 645.64 – 641.63 – 635.02 —
673.630000000 – 663.380000000 —
74.668794574859 – 41.368414095498 —
– —
664 – 1773361800

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