BNB/USDT – 30M – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.

The currency pair Binance Coin/Tether (BNB/USDT) goes from the descending trendline downwards

A continuation of the bearish trend down to the next support level at 575.8 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 585.3 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 573.835 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 585.3 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Matching Low’ chart pattern is discovered. The candles show ‘Matching Low’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

585.3 – 582.28 – 583.17 – 575.8 – 562.37 – 573.06 —
582.330000000 – 581.670000000 —
57.172271605841 – 49.08920096765 —
– —
585.3 – 1784122200

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