BNB/USDT – 30M – SELL

The combination Binance Coin/Tether (BNB/USDT) jumps from the bearish trendline down.

A continuation of the downward movement downwards to the next support line at 551.92 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 570.34 could be enabled.
Consider stop-loss settings accordingly.

Next 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 currency pair is likely to fall.

Next a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The chart forms ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

570.34 – 564.98 – 572.72 – 551.92 – 550.37 – 540.6 —
564.210000000 – 568.000000000 —
53.522864386984 – 57.886685944782 —
– —
570.34 – 1782459000

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