BNB/USDT – 1H – SELL

The pair Binance Coin/Tether (BNB/USDT) goes from the bullish trendline downwards

A bearish descent downwards to the next support at 615.09 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 639.81 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 625.0434 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 639.81 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Outside Down’ candlestick pattern is detected. The chart forms ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance 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 – – –