BNB/USDT – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 619.855 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 650.84 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Down’ candlestick chart pattern is found. The candles form ‘Three Outside Down’. this 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 probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

650.84 – 668.57 – 669.65 – 637.61 – 640.07 – 650.18 —
645.460000000 – 649.500000000 —
49.785647572794 – 57.234564865508 —
– —
650.84 – 1770539400

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –