BNB/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support level at 616.01 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 644.07 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.

Then a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.

Then a ‘Two Crows’ candle chart pattern is found. The candles show ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

644.07 – 669.65 – 783.57 – 616.01 – 632.3 – 640.07 —
642.000000000 – 634.050000000 —
55.562816003244 – 47.11444704729 —
– —
644.07 – 1770667200

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Two Crows – – –