There is also a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.
The currency pair Binance Coin/Tether (BNB/USDT) jumps from the ascending trendline downwards
A descent downwards to the next support at 609.3 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 626.57 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair is likely to fall.
There is also a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.
There is also a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 642 |
| 2nd High | 631.86 |
| Next High | 626.57 |
| Current Price | 610.760000000 |
| Next Low | 609.3 |
| 2nd Low | 604.49 |
| 3rd Low | 595.38 |
626.57 – 626.08 – 631.86 – 613.33 – 609.3 – 604.49 —
611.810000000 – 618.650000000 —
33.653954720726 – 49.334490608017 —
– —
626.57 – 1771401600
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –