BNB/USDT – 30M – SELL

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

A bearish movement downwards to the next support at 923.69 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 940.03 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles form ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

940.03 – 938.56 – 933.98 – 923.69 – 927.16 – 924.05 — 67.48543823149 – 64.392715697672 — 95.453776107782 – 94.354442808051 – 85.5676454285 – 92.771905656462

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish Engulfing – – –