BNB/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support at 831.83 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 862.09 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 831.83 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support zone at 862.09 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

862.09 – 869.77 – 906.67 – 831.83 – 833.08 – 835.55 —
855.750000000 – 851.440000000 —
49.130252339305 – 44.749390670638 —
– —
862.09000 – 1769805000

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Black Crows – Double top chart pattern – –