BNB/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support level at 728.44 will continue.

Caution: A possible counter-trend in the direction of resistance at 765.33 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

Then a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart forms ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

765.33 – 778.22 – 783.57 – 736.08 – 762.7 – 767.6 —
751.730000000 – 736.640000000 —
36.967566586046 – 28.840931568127 —
– —
765.33 – 1770190200

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