BNB/USDT – 1H – SELL

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

A continuation of the bearish trend down to the next support level at 604.49 is certain.

Caution: A possible trend reversal in the direction of resistance at 631.86 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish 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 is certain. Current target is 609.5 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 631.86 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Two Crows’ candlestick chart pattern is discovered. The candles form ‘Two Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

631.86 – 631.24 – 624.8 – 604.49 – 592.49 – 600.6 —
618.570000000 – 623.980000000 —
46.702032138954 – 52.962968750302 —
– —
631.86 – 1771293600

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –