BNB/USDT – 30M – SELL

And also a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.

The pair Binance Coin/Tether (BNB/USDT) moves from the bullish trendline down.

A descending movement downwards to the next support line at will continue.

Caution: A possible change in the direction of the resistance zone at 869.400000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. 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 zone at 869.400000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Outside Down’ candle chart pattern is detected. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. 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 – –