BNB/USDT – 30M – SELL

The currency pair Binance Coin/Tether (BNB/USDT) jumps from the ascending trendline downwards

A bearish movement down to the next support at 902.96 will continue.

Caution: A possible change in the direction of the resistance line at 916.55 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘RSI fall below 70’ indicator signal is existing. The indicator is ‘RSI fall below 70’. which could be a negative chart signal. The pair is likely to go down.

Additionally a ‘Bearish Engulfing’ candle pattern is detected. The chart shows ‘Bearish Engulfing’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

916.55 – 909 – 906.91 – 902.96 – 890.59 – 865.26 — 72.545265239589 – 63.767469575456 — 96.018698178722 – 76.618785509519 – 97.645838824942 – 89.852100661448

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