BNB/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 627.81 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 635 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Last Engulfing Top’ chart pattern is existing. The chart forms ‘Last Engulfing Top’. which is a bearish 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 ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

635 – 634 – 639 – 627.81 – 622.58 – 623.48 —
634.050000000 – 633.940000000 —
65.351973617601 – 61.431089309409 —
– —
635 – 1778014800

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Last Engulfing Top – – –