BNB/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support level at 573.86 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 578.14 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Bearish Belt Hold’ candlestick pattern is found. The candles show ‘Bearish Belt Hold’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

578.14 – 573.67 – 577.15 – 573.86 – 568.02 – 568.07 —
577.000000000 – 576.000000000 —
60.504621498302 – 53.517327700918 —
– —
578.14 – 1783661400

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish Belt Hold – – –