BNB/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support line at 596.58 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 607.33 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘StochRSI Hidden Bearish Divergence’ indicator layout is detected. The indicator shows ‘StochRSI Hidden Bearish Divergence’. Dieses ist oftmals ein bullisches chart scenario. Das Paar wird voraussichtlich nach oben gehen.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 595.61 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 607.33 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ candlestick chart pattern is detected. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

607.33 – 598.52 – 610.44 – 596.58 – 580.68 – 583.84 —
608.680000000 – 607.950000000 —
59.313348300313 – 53.67462042336 —
– —
607.33 – 1781200800

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –