BNB/USDT – 1H – SELL

The pair Binance Coin/Tether (BNB/USDT) jumps from the ascending trendline down.

A descending movement down to the next support at 890.59 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 913.29 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘%K crosses below %D’ indicator signal is found. The indicator is ‘%K crosses below %D’. which could be a negative signal. The pair is likely to go down.

Additionally a ‘Bearish Belt Hold’ candle chart pattern is detected. The candles form ‘Bearish Belt Hold’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

906.91 – 874.51 – 877.29 – 890.59 – 856.14 – 857.88 — 68.252650640583 – 62.058873212942 — 99.628862420162 – 77.006537419245 – 95.080719646779 – 91.04666137843

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish Belt Hold – – –