BNB/USDT – 4H – SELL

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 537.25 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 563.16 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Outside Down’ candle pattern is found. The candles show ‘Three Outside Down’. 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 likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

563.16 – 602.31 – 632.9 – 537.250000000 – 537.25 – 545.62 —
547.690000000 – 567.170000000 —
37.297868575162 – 56.631157455377 —
537.250000000 – 1782892800 —
563.16 – 1782748800

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –