BNB/USDT – 30M – SELL

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

A bearish descent down to the next support at 602.79 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 630 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair is likely to fall.

Furthermore a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles form ‘Bearish Engulfing’. this 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 ‘Bearish Engulfing’ going down is 79%.

613.03 – 612.33 – 611.08 – 602.79 – 608 – 606.69 —
616.810000000 – 618.290000000 —
61.738962741624 – 63.146161248664 —
– —
613.03 – 1781431200

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