BNB/USDT – 30M – SELL

The currency pair Binance Coin/Tether (BNB/USDT) goes from the bullish trendline downwards

A bearish descent downwards to the next support level at 595.38 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 614.8 could occur.
Consider stop-loss settings accordingly.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.

Next a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

Next a ‘Last Engulfing Bottom:’ chart pattern is found. The candles form ‘Last Engulfing Bottom:’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

614.8 – 623.17 – 626.57 – 601.3 – 613.33 – 609.3 —
606.460000000 – 604.900000000 —
39.643678577594 – 35.298951826363 —
– —
614.8 – 1771480800

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Last Engulfing Bottom: – Double top chart pattern – –