BNB/USDT – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.

The pair Binance Coin/Tether (BNB/USDT) moves from the ascending trendline down.

The bearish trend downwards to the next support level at 628.97 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 653.49 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The pair is likely to go down.

Next a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.

Next a ‘Matching Low’ candlestick pattern is detected. The candles form ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

653.49 – 651.49 – 664.26 – 639.33 – 641.64 – 628.97 —
644.700000000 – 643.920000000 —
45.568675276458 – 42.990203365152 —
– —
653.49 – 1778139000

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –