BNB/USDT – 30M – SELL

The combination Binance Coin/Tether (BNB/USDT) jumps from the bullish trendline down.

A bearish trend down to the next support level at 645.64 is likely expected.

Caution: A possible change in the direction of the resistance line at 664 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

664 – 657.7 – 656.29 – 645.64 – 641.63 – 635.02 —
662.150000000 – 661.000000000 —
71.117462742297 – 61.582379143826 —
– —
664 – 1773361800

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