BNB/USDT – 1H – SELL

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

A bearish descent down to the next support line at 615.09 is likely expected.

Caution: A possible change in the direction of the resistance level at 639.81 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 625.0434 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 639.81 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Outside Down’ chart pattern is discovered. The candles form ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

621.81 – 622.84 – 621.29 – 615.09 – 613.79 – 610.26 —
622.000000000 – 634.630000000 —
63.595029552904 – 80.059542190087 —
– —
621.81 – 1777755600

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Down – – –