BNB/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support at 596.42 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 621.4 should always be considered.
Consider stop-loss settings accordingly.

Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Also there is a ‘Bearish Engulfing’ candle pattern is found. The candles form ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

621.4 – 619.08 – 619 – 596.42 – 607.46 – 609.89 —
619.590000000 – 617.630000000 —
51.2033943137 – 40.431261568787 —
– —
621.4 – 1774859400

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish Engulfing – – –