BNB/USDT – 1H – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The currency pair Binance Coin/Tether (BNB/USDT) moves from the bullish trendline down.
A bearish descent down to the next support level at 830.01 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 876.3 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 833.545 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 876.3 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Shooting Star’ chart pattern is existing. The candles show ‘Shooting Star’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 949.77 |
| 2nd High | 941.06 |
| Next High | 876.3 |
| Current Price | 855.280000000 |
| Next Low | 830.01 |
| 2nd Low | 813.77 |
| 3rd Low | 790.79 |
876.3 – 858.4 – 854.49 – 830.01 – 836.08 – 813.77 — 51.164457078772 – 51.076470562961 — 71.171188972642 – 78.492435541087 – 51.954810778622 – 68.499454543336
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Shooting Star – Rising Wedge Chart Pattern – –