BNB/USDT – 4H – SELL

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

A descending movement down to the next support at 825.000000000 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 864.000000000 could happen.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 807.255 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 864.000000000 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘Three Outside Down’ candlestick pattern is detected. The chart shows ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

864.000000000 – 869.400000000 – 770.000000000 – 825.000000000 – 812.570000000 – 792.000000000 — 45.431009335598 – 43.141609615657

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