BNB/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support at 605.86 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 619 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Furthermore a ‘Three Outside Down’ candle chart pattern is existing. The candles form ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

619 – 614.61 – 614.18 – 609.89 – 610.46 – 605.86 —
612.990000000 – 611.060000000 —
45.292639310781 – 42.75474024358 —
– —
619 – 1774710000

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