BNB/USDT – 30M – SELL

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

A descending movement downwards to the next support level at 614.2 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 633.650000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair is likely to fall.

Then a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart 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. Current target is 608.805 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 633.650000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Two Crows’ candlestick chart pattern is detected. The chart shows ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

633.650000000 – 640.55 – 602.31 – 614.2 – 624.33 – 581.51 —
633.650000000 – 630.000000000 —
63.490822660704 – 53.946295726765 —
633.650000000 – 1772170200 —
– 1772170200

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –