BNB/USDT – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.

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

A bearish trend downwards to the next support level at 596.58 is expected.

Caution: A possible change in the direction of the resistance level at 607.33 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair could go down.

Moreover a ‘Bearish Belt Hold’ candle chart pattern is existing. The candles show ‘Bearish Belt Hold’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

607.33 – 603.77 – 598.52 – 596.58 – 596.03 – 582.1 —
608.680000000 – 610.190000000 —
62.003738489464 – 61.990771052288 —
– —
607.33 – 1781200800

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –