BNB/USDT – 1H – SELL

The combination Binance Coin/Tether (BNB/USDT) goes from the descending trendline down.

A continuation of the downtrend downwards to the next support line at is certain.

Caution: A possible change in the direction of the resistance zone at 622.84 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 610.26 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support zone at 622.84 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

622.84 – 621.29 – 629.61 – 613.79 – 610.26 – 619 —
618.890000000 – 618.490000000 —
58.655063877295 – 50.248812149285 —
– —
622.84 – 1777640400

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Black Crows – – –