BNB/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 583.600000000 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 592.56 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Additionally a ‘Matching Low’ candle chart pattern is existing. The chart shows ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

592.56 – 591.83 – 589 – 583.600000000 – 585.15 – 582 —
586.430000000 – 592.640000000 —
30.806271360695 – 55.581057465239 —
583.600000000 – 1782084600 —
592.56 – 1782068400

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Matching Low – – –