BNB/USDT – 30M – SELL

The combination Binance Coin/Tether (BNB/USDT) jumps from the bullish trendline down.

The bearish trend down to the next support line at 890.59 will persist.

Caution: A possible change in the direction of resistance at 916.55 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘%K crosses below %D’ indicator layout is detected. The indicator is ‘%K crosses below %D’. this is usually a bearish chart scenario. The currency pair could go down.

Also there is a ‘Bearish Belt Hold’ candle pattern is existing. The candles form ‘Bearish Belt Hold’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

916.55 – 909 – 906.91 – 890.59 – 865.26 – 859.64 — 60.906902597494 – 56.981805125713 — 98.277525148133 – 90.436819622433 – 90.199138619389 – 95.681017342861

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