BNB/USDT – 30M – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

The currency pair Binance Coin/Tether (BNB/USDT) jumps from the ascending trendline downwards

The bearish trend downwards to the next support at 576.63 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 585.3 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Outside Down’ candle pattern is discovered. The chart forms ‘Three Outside Down’. 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 likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

585.3 – 582.28 – 583.17 – 576.63 – 575.8 – 562.37 —
581.670000000 – 581.500000000 —
49.089202023578 – 55.43206206575 —
– —
585.3 – 1784122200

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –