BNB/USDT – 30M – SELL

The combination Binance Coin/Tether (BNB/USDT) moves from the bearish trendline down.

A continuation of the downtrend downwards to the next support level at 606.69 is likely expected.

Caution: A possible change in the direction of the resistance level at 612.33 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 604.71 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 612.33 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Outside Down’ candlestick pattern is discovered. The candles form ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

612.33 – 611.08 – 606.27 – 606.69 – 599.33 – 596.58 —
609.720000000 – 610.210000000 —
57.648253183731 – 58.141225314101 —
– —
612.33 – 1781386200

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