BNB/USDT – 30M – SELL

The currency pair Binance Coin/Tether (BNB/USDT) jumps from the bearish trendline down.

A continuation of the downward movement downwards to the next support line at 591.55 is certain.

Caution: A possible change in the direction of the resistance line at 610.54 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.

In addition a ‘Bearish Belt Hold’ candlestick chart pattern is existing. The candles show ‘Bearish Belt Hold’. which 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 ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

610.54 – 610.35 – 630 – 591.55 – 580 – 570.61 —
603.330000000 – 605.960000000 —
54.007944818248 – 58.865470197719 —
– —
610.54 – 1780869600

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish Belt Hold – – –