BNB/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support at is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 569.210000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The pair is likely to go down.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The pair is likely to go down.

Next a ‘MACD crosses below signal’ indicator signal is existing. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart signal. The pair is likely to go down.

Next a ‘Three Outside Down’ candle pattern is detected. The chart forms ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

569.210000000 – 577 – 581.21 – 555.59 – 574.28 – 574.57 —
569.210000000 – 568.610000000 —
58.915670786897 – 56.529807233183 —
569.210000000 – 1784332800 —
– 1784332800

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –