BNB/USDT – 1H – SELL

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

A bearish descent down to the next support level at 797.730000000 is considered certain.

Caution: A possible change in the direction of resistance at 827.590000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘RSI fall below 70’ indicator layout is existing. The indicator is ‘RSI fall below 70’. this is usually a bearish signal. The currency pair is likely to fall.

Next a ‘StochRSI fall below 80’ indicator layout is existing. The indicator is ‘StochRSI fall below 80’. this is usually a bearish signal. The currency pair is likely to fall.

Next a ‘Bearish Belt Hold’ candlestick chart pattern is detected. The candles form ‘Bearish Belt Hold’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

815.000000000 – 827.590000000 – 815.500000000 – 797.730000000 – 792.000000000 – 793.680000000 — 66.207371153291 – 60.235619005569

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish Belt Hold – Double bottom retreat down – –