BNB/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at will persist.

Caution: A possible counter-trend in the direction of resistance at 571.87 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair could go down.

Moreover a ‘MACD crosses below signal’ indicator layout is discovered. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair could go down.

Moreover a ‘Three Outside Down’ candle pattern is discovered. The candles show ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

571.87 – 569.21 – 577 – 566.25 – 555.59 – 574.28 —
571.060000000 – 572.740000000 —
61.167040770541 – 61.775193569984 —
– —
571.87 – 1784377800

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Down – – –