BNB/USDT – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 666.73 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 687.82 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Bearish Belt Hold’ candle chart pattern is detected. The chart forms ‘Bearish Belt Hold’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

687.82 – 679 – 666.55 – 656.83 – 650.11 – 652.52 —
685.480000000 – 677.720000000 —
63.621467428344 – 53.640616439028 —
– —
687.82 – 1773635400

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish Belt Hold – – –