BNB/USDT – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.

The combination Binance Coin/Tether (BNB/USDT) goes from the ascending trendline downwards

A descending movement downwards to the next support line at is expected.

Caution: A possible change in the direction of the resistance level at 869.400000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 833.48 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 869.400000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Outside Down’ candle chart pattern is found. The candles form ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

869.400000000 – 858.890000000 – 839.900000000 – 837.560000000 – 828.230000000 – 797.730000000 — 46.000451334965 – 45.799502313194

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –