BNB/USDT – 30M – SELL

Additionally a ‘Double bottom retreat down’ chart formation is existing. The chart picture shows ‘Double bottom retreat down’. which is a bearish chart scenario. The currency pair is likely to go down.

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

A continuation of the downtrend down to the next support level at 885.28 is considered certain.

Caution: A possible change in the direction of the resistance line at 905 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Outside Down’ candlestick pattern is discovered. The candles form ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

905 – 920.27 – 919.78 – 885.28 – 892.64 – 891.66 — 57.048955272335 – 54.065705230016 — 47.772003535445 – 29.139663148151 – 62.218184385737 – 47.921573224372

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Down – Double bottom retreat down – –