BNB/USDT – 4H – SELL

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair is likely to fall.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative 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 will continue. Target of the current trend is 537.25 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 563.16 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Outside Down’ chart pattern is found. The candles form ‘Three Outside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading 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 – –