BNB/USDT – 1H – SELL

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

A bearish movement down to the next support level at 622.58 is expected.

Caution: A possible counter-trend in the direction of resistance at 654.19 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Outside Down’ candlestick chart pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. 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).

639 – 621.81 – 622.84 – 622.58 – 615.61 – 615.09 —
634.940000000 – 664.260000000 —
64.868251981331 – 85.520373344048 —
– —
639 – 1777867200

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