BNB/USDT – 30M – SELL

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 762.7 will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 783.57 could happen.
Consider stop-loss settings accordingly.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The pair is likely to go down.

Additionally a ‘MACD crosses below signal’ indicator layout is discovered. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart signal. The pair is likely to go down.

Additionally a ‘Bearish Belt Hold’ candlestick pattern is found. The chart forms ‘Bearish Belt Hold’. which is a bearish signal. The currency pair is likely to fall. 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).

783.57 – 781.58 – 770.61 – 762.7 – 767.6 – 728.44 —
773.630000000 – 776.220000000 —
44.840958296848 – 53.400159047494 —
– —
783.57 – 1770103800

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –