BNB/USDT – 30M – SELL

The combination Binance Coin/Tether (BNB/USDT) jumps from the bullish trendline downwards

The bearish trend down to the next support line at 890.59 will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 906.91 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘Two Crows’ candle chart pattern is detected. The chart shows ‘Two Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

906.91 – 902.85 – 874.51 – 890.59 – 865.26 – 859.64 — 56.903470367047 – 56.512297384966 — 57.007895961316 – 42.591913251862 – 75.593130019446 – 59.970972834054

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –