BNB/USDT – 4H – SELL

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

A bearish descent down to the next support at 588.64 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 652.87 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘MACD crosses below signal’ indicator signal is discovered. The indicator is ‘MACD crosses below signal’. which is often a bearish signal. The currency pair is likely to fall.

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

Besides a ‘Matching Low’ candle chart pattern is found. The candles form ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

652.87 – 640.55 – 634.8 – 588.64 – 577.06 – 596 —
654.830000000 – 660.810000000 —
64.186621053575 – 58.613824863609 —
– —
652.87 – 1772467200

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Matching Low – – –