BNB/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support line at 886.79 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 916.13 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘%K crosses below %D’ indicator signal is found. The indicator shows ‘%K crosses below %D’. which is often a bearish chart signal. The pair is likely to go down.

There is also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 864.97 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 916.13 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

916.13 – 928.24 – 910.57 – 886.79 – 801.7 – 868.25 — 44.878604915364 – 36.303437355951 — 65.434072179596 – 32.100738846263 – 63.463481554431 – 54.332431389847

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