BNB/USDT – 30M – SELL

The currency pair Binance Coin/Tether (BNB/USDT) jumps from the bearish trendline down.

A continuation of the downward movement down to the next support at 601.23 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 624.8 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘Bearish Belt Hold’ candle pattern is existing. The candles show ‘Bearish Belt Hold’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

624.8 – 634.8 – 629.74 – 618.72 – 624.02 – 624 —
622.830000000 – 616.090000000 —
39.001806054269 – 20.314274088179 —
– —
624.8 – 1771758000

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish Belt Hold – – –