BNB/USDT – 30M – SELL

Also there is a ‘Head and Shoulder chart pattern’ chart pattern is found. The chart picture forms ‘Head and Shoulder chart pattern’. which is a negative pattern signal. The currency pair is likely to go down.

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

A descending movement downwards to the next support at 897.18 will persist.

Caution: A possible change in the direction of the resistance level at 907.71 is within the realm of possibility.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.

Also there is a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative chart scenario. 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 will persist. Current target is 889.055 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 907.71 is within the realm of possibility.
Consider stop-loss settings accordingly.

Also there is a ‘Two Crows’ candle pattern is detected. The candles show ‘Two Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

907.71 – 909.43 – 901.22 – 897.18 – 894.41 – 876.88 —
904.980000000 – 901.420000000 —
45.004880920322 – 49.373188032989 —
– —
907.71000 – 1769630400

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Two Crows – Head and Shoulder chart pattern – –