BNB/USDT – 4H – SELL

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

A continuation of the downward movement down to the next support at 610.26 is expected.

Caution: A possible change in the direction of the resistance line at 622.840000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.

Moreover a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 604.46124 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 622.840000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Two Crows’ chart pattern is found. The chart forms ‘Two Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

622.840000000 – 629.61 – 639.81 – 610.26 – 618.38 – 615 —
622.840000000 – 619.380000000 —
48.698326152705 – 48.069647317675 —
622.840000000 – 1777636800 —
– 1777636800

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