BNB/USDT – 4H – SELL

The combination Binance Coin/Tether (BNB/USDT) jumps from the bullish trendline down.

A descent down to the next support line at 588.64 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 783.57 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

652.87 – 640.55 – 634.8 – 588.64 – 577.06 – 596 —
638.920000000 – 663.120000000 —
55.482930017767 – 65.150622389124 —
– —
652.87 – 1772467200

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –