BNB/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support line at 635.02 is expected.

Caution: A possible change in the direction of the resistance zone at 655.73 could happen.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. which could be a negative chart signal. The pair is likely to go down.

And also a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bearish 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 expected. Current target is 645.48582 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 655.73 could happen.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Two Crows’ candlestick chart pattern is existing. The candles form ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

655.73 – 647.01 – 643 – 635.02 – 633.83 – 607.86 —
654.180000000 – 654.360000000 —
62.696427519425 – 63.110708412735 —
– —
655.73 – 1773248400

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