BNB/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support level at is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 624.27 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair could go down.

There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair could go down.

There is also a ‘Last Engulfing Bottom:’ chart pattern is found. The chart shows ‘Last Engulfing Bottom:’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

624.27 – 665.42 – 666.16 – 611.820000000 – 614.34 – 625.42 —
615.940000000 – 619.190000000 —
32.867889749567 – 50.059050793903 —
611.820000000 – 1772987400 —
624.27 – 1772964000

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Last Engulfing Bottom: – – –