BNB/USDT – 4H – SELL

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

A continuation of the bearish trend downwards to the next support at 562.37 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 583.01 should always be considered.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 551.17284 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 583.01 should always be considered.
Consider stop-loss settings accordingly.

There is also a ‘Three Black Crows’ candle pattern is existing. The candles show ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

583.01 – 592.1 – 563.16 – 562.37 – 560.4 – 537.25 —
581.970000000 – 574.840000000 —
56.485859713399 – 43.521283935614 —
– —
583.01 – 1783771200

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Black Crows – – –