BNB/USDT – 30M – SELL

The currency pair Binance Coin/Tether (BNB/USDT) jumps from the descending trendline down.

A continuation of the bearish trend downwards to the next support line at 635.02 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 656.4 is also possible.
Consider stop-loss settings accordingly.

Then a ‘Bearish Belt Hold’ chart pattern is detected. The chart forms ‘Bearish Belt Hold’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

656.4 – 676.47 – 674.85 – 641.04 – 644.43 – 645.3 —
642.060000000 – 638.070000000 —
36.95099163635 – 38.783715985349 —
– —
656.4 – 1773889200

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