BNB/USDT – 30M – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.

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

A bearish trend downwards to the next support at 568.7 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 576.24 could happen.
Consider stop-loss settings accordingly.

There is also a ” indicator layout is found. The indicator shows ”. which is often a bearish signal. The currency pair could go down.

!

There is also a ‘MACD crosses below signal’ indicator layout is found. The indicator shows ‘MACD crosses below signal’. which is often a bearish signal. The currency pair could go down.

There is also a ‘Bearish Engulfing’ candle pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

576.24 – 567.17 – 561.19 – 568.7 – 556.16 – 548.74 —
572.500000000 – 578.230000000 —
60.029420730396 – 69.323455766644 —
– —
576.24 – 1783153800

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