BNB/USDT – 30M – SELL

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

A bearish trend down to the next support level at 946.690000000 is likely expected.

Caution: A possible change in the direction of the resistance zone at 963.000000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 937.635 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 963.000000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Outside Down’ candlestick pattern is discovered. The candles show ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

963.000000000 – 933.550000000 – 923.160000000 – 946.690000000 – 921.940000000 – 916.660000000 — 44.573174417242 – 41.6162387602

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –