BNB/USDT – 30M – SELLAnd also a ‘Rising Wedge Chart Pattern’ chart layout is existing. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.
The currency pair Binance Coin/Tether (BNB/USDT) goes from the ascending trendline down.
A bearish trend down to the next support at 836.08 is considered certain.
Caution: A possible change in the direction of the resistance line at 858.4 is also possible.
Consider stop-loss settings accordingly.
And also a ‘Three Inside Down’ candle chart pattern is existing. The chart shows ‘Three Inside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 941.06 |
| 2nd High | 883.61 |
| Next High | 858.4 |
| Current Price | 837.700000000 |
| Next Low | 836.08 |
| 2nd Low | 813.77 |
| 3rd Low | 790.79 |
858.4 – 855.46 – 853.2 – 836.08 – 843.15 – 836.62 — 42.454596874967 – 37.864516548321 — 6.9542194960972 – 5.7699517864058 – 9.170166458137 – 7.2756991821487
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Inside Down – Rising Wedge Chart Pattern – –