BNB/USDT – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

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

A descending movement down to the next support at 639.000000000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 659.000000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Bearish Belt Hold’ candle chart pattern is discovered. The candles show ‘Bearish Belt Hold’. this is a bearish pattern signal. 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’ going down is 68% (Bull Market) & 69% (Bear Market).

659.000000000 – 655.470000000 – 659.420000000 – 639.000000000 – 650.120000000 – 649.380000000

Trading Signals: FOREX – BNB – BNB/USDT – USDT – Bearish Belt Hold