BNB/USDT – 1H – SELL

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair could go up.

Additionally a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The currency pair could go up.

Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 609.5 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 631.86 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Bearish Engulfing’ candle chart pattern is found. The candles form ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

631.86 – 631.24 – 624.8 – 604.49 – 592.49 – 600.6 —
623.890000000 – 615.330000000 —
48.381420653466 – 44.690398347337 —
– —
631.86 – 1771293600

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