BNB/USDT – 30M – SELL

The combination Binance Coin/Tether (BNB/USDT) jumps from the bearish trendline down.

A continuation of the downtrend downwards to the next support level at 1285 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 1327.74 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Black Crows’ candlestick chart pattern is existing. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

1327.74 – 1334.19 – 1349.99 – 1285 – 1264.32 – 1260.68 — 50.139965102427 – 48.158815787491 — 63.045805397487 – 38.15801829211 – 78.912766901459 – 60.040328712121

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Black Crows – – –