BNB/USDT – 30M – SELLNext a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.
The combination Binance Coin/Tether (BNB/USDT) jumps from the bullish trendline down.
A bearish movement downwards to the next support level at 891.270000000 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 909.690000000 could occur.
Consider stop-loss settings accordingly.
Next a ‘Matching Low’ candlestick chart pattern is detected. The chart forms ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 909.690000000 |
| Current Price | 907.390000000 |
| Next Low | 891.270000000 |
| 2nd Low | 888.330000000 |
| 3rd Low | 871.380000000 |
909.690000000 – 904.530000000 – 907.380000000 – 891.270000000 – 888.330000000 – 871.380000000 — 58.995363554817 – 58.108339159435
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –