BNB/USDT – 1H – SELL

Also there is a ‘Double bottom retreat down’ chart layout is existing. The chart picture shows ‘Double bottom retreat down’. which is a negative signal. The pair is likely to go down.

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

A bearish descent down to the next support level at 902.960000000 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 916.55 could occur.
Consider stop-loss settings accordingly.

Also there is a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. which could be a negative signal. The currency pair could go down.

Also there is a ‘Collapsing Doji Star’ chart pattern is detected. The candles form ‘Collapsing Doji Star’. 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 ‘Collapsing Doji Star’ heading down is 63% (Bull Market).

916.55 – 906.91 – 874.51 – 902.960000000 – 890.59 – 856.14 — 66.563066035793 – 48.49228802712 — 94.866841679462 – 61.533508346129 – 91.71001077221 – 84.280676219902

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Collapsing Doji Star – Double bottom retreat down – –