BNB/USDT – 30M – SELL

Next a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is considered certain. Current target is 622.9475 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 631.24 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Bearish Engulfing’ candle pattern is found. The chart forms ‘Bearish Engulfing’. this 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 ‘Bearish Engulfing’ heading down is 79%.

631.24 – 624.8 – 616.64 – 604.49 – 610.4 – 595.38 —
627.300000000 – 628.490000000 —
64.987271043227 – 63.303593983286 —
– —
631.24 – 1771246800

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