BNB/USDT – 1H – SELLAnd also a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The pair is likely to go down.
The currency pair Binance Coin/Tether (BNB/USDT) jumps from the ascending trendline downwards
A bearish movement downwards to the next support line at 830.01 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 876.3 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
And also a ‘Last Engulfing Top’ candle pattern is existing. The candles form ‘Last Engulfing Top’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 949.77 |
| 2nd High | 941.06 |
| Next High | 876.3 |
| Current Price | 850.650000000 |
| Next Low | 830.01 |
| 2nd Low | 813.77 |
| 3rd Low | 790.79 |
876.3 – 858.4 – 854.49 – 830.01 – 836.08 – 813.77 — 47.28959976918 – 43.227463453366 — 3.4823085964163 – 3.4823085964163 – 1.1721552133309 – 2.3329247454697
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern – –