BNB/USDT – 4H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 598.0876 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 666.16 could happen.
Consider stop-loss settings accordingly.

Besides a ‘Bearish Engulfing’ chart pattern is discovered. The candles show ‘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 likelyhood of ‘Bearish Engulfing’ heading down is 79%.

666.16 – 652.87 – 640.55 – 588.64 – 577.06 – 596 —
646.890000000 – 622.330000000 —
51.947558049284 – 37.942837982122 —
– —
666.16 – 1772640000

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish Engulfing – – –