BNB/USDT – 30M – SELLAlso there is a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The combination Binance Coin/Tether (BNB/USDT) jumps from the ascending trendline downwards
A bearish movement down to the next support line at 891.66 will continue.
Caution: A possible change in the direction of the resistance level at 920.27 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart signal. The pair is likely to go down.
Also there is a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles show ‘Bearish Engulfing’. 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 probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 928.24 |
| 2nd High | 923.93 |
| Next High | 920.27 |
| Current Price | 896.750000000 |
| Next Low | 891.66 |
| 2nd Low | 890.59 |
| 3rd Low | 865.26 |
920.27 – 919.78 – 923.93 – 891.66 – 902.96 – 890.59 — 37.044810187876 – 35.5332065135 — 36.223331850396 – 25.703001696046 – 34.930964945732 – 31.124364808377
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –