BNB/USDT – 1H – SELL

The currency pair Binance Coin/Tether (BNB/USDT) jumps from the bullish trendline downwards

The bearish trend down to the next support line at 570.82 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 591.83 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The pair is likely to go down.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 579.73952 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 591.83 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Two Crows’ candle pattern is existing. The candles show ‘Two Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

591.83 – 589.43 – 583.29 – 570.82 – 573 – 601.33 —
591.780000000 – 596.310000000 —
62.98846238478 – 63.169087469061 —
– —
591.83 – 1782025200

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Two Crows – – –