BNB/USDT – 30M – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.
The pair Binance Coin/Tether (BNB/USDT) jumps from the ascending trendline downwards
A bearish movement downwards to the next support line at 883.8 is likely expected.
Caution: A possible change in the direction of resistance at 904.86 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Tweezers Top’ candle chart pattern is existing. The candles show ‘Tweezers Top’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 949.77 |
| 2nd High | 941.06 |
| Next High | 904.86 |
| Current Price | 895.390000000 |
| Next Low | 883.8 |
| 2nd Low | 851.72 |
| 3rd Low | 837.47 |
904.86 – 897.25 – 869.98 – 883.8 – 889.25 – 851.72 — 60.272281391356 – 51.035205762749 — 57.84397364804 – 52.192047016446 – 36.940139343097 – 48.300867339684
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Tweezers Top – Rising Wedge Chart Pattern – –