BNB/USDT – 30M – SELL

Also there is a ‘Double bottom retreat down’ chart pattern is discovered. The chart picture forms ‘Double bottom retreat down’. which is a negative signal. The pair is likely to go down.

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

A bearish descent down to the next support level at 923.69 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 938.56 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. which is often a bearish signal. The currency pair could go down.

Also there is a ‘Tweezers Top’ candlestick chart pattern is detected. The candles show ‘Tweezers Top’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

938.56 – 933.98 – 945.71 – 923.69 – 927.16 – 924.05 — 66.390270600632 – 62.102895313856 — 98.066372273518 – 94.225269291423 – 97.866032567059 – 96.78600461282

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Tweezers Top – Double bottom retreat down – –