BNB/USDT – 30M – SELL

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

A descent down to the next support level at 602.790000000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 613.03 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ” indicator layout is discovered. The indicator is ”. which is often a bearish chart scenario. The pair is likely to go down.

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Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.

Furthermore a ‘Bearish Engulfing’ chart pattern is discovered. The candles show ‘Bearish Engulfing’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

613.03 – 612.33 – 611.08 – 602.790000000 – 608 – 606.69 —
604.070000000 – 616.920000000 —
31.592957946641 – 69.613739236322 —
602.790000000 – 1781467200 —
613.03 – 1781431200

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish Engulfing – – –