BNB/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support at 745.570000000 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 753.710000000 could happen.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The pair is likely to go down.

Besides a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Besides a ‘Bearish Engulfing’ candlestick chart pattern is existing. The chart shows ‘Bearish Engulfing’. which is a bearish signal. 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%.

753.710000000 – 770.110000000 – 775.980000000 – 745.570000000 – 730.010000000 – 750.000000000 — 58.010502833855 – 52.10483380626

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