BNB/USDT – 1H – SELL

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

A bearish movement down to the next support line at 615.09 is expected.

Caution: A possible change in the direction of resistance at 639.81 could happen.
Consider stop-loss settings accordingly.

Additionally a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 625.0434 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 639.81 could happen.
Consider stop-loss settings accordingly.

Additionally a ‘Three Outside Down’ chart pattern is discovered. The candles form ‘Three Outside Down’. 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 likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

621.81 – 622.84 – 621.29 – 615.09 – 613.79 – 610.26 —
622.000000000 – 634.630000000 —
63.595029552904 – 80.059542190087 —
– —
621.81 – 1777755600

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Down – – –