BNB/USDT – 30M – SELL

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

A descending movement down to the next support at 600.6 is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 616.64 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘StochRSI %K falls below 0.8’ indicator layout is found. The indicator is ‘StochRSI %K falls below 0.8’. this is usually a bearish signal. The pair is likely to go down.

Then a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. 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 ‘Three Black Crows’ heading down is 82%.

616.64 – 620.87 – 618.25 – 600.6 – 610.53 – 587.14 —
612.730000000 – 609.500000000 —
51.361109545663 – 43.60745029062 —
– —
616.64 – 1770940800

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