BNB/USDT – 30M – SELL

The pair Binance Coin/Tether (BNB/USDT) jumps from the ascending trendline downwards

A descending movement downwards to the next support at 602.79 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 630 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Shooting Star’ candle chart pattern is discovered. The chart forms ‘Shooting Star’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

613.03 – 612.33 – 611.08 – 602.79 – 608 – 606.69 —
612.500000000 – 617.200000000 —
64.776833286766 – 64.187498749777 —
– —
613.03 – 1781431200

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Shooting Star – – –