BNB/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support at 585.150000000 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 591.83 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair is likely to fall.

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

591.83 – 589 – 589.43 – 585.150000000 – 582 – 571 —
588.560000000 – 590.100000000 —
37.704612088374 – 55.6585754351 —
585.150000000 – 1782043200 —
591.83 – 1782027000

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