BNB/USDT – 1H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.

The currency pair Binance Coin/Tether (BNB/USDT) jumps from the bullish trendline downwards

A bearish movement down to the next support line at 842.700000000 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 900.710000000 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair could go down.

Next a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘Three Outside Down’ candlestick pattern is found. The chart forms ‘Three Outside Down’. which is a bearish chart scenario. The currency 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).

900.710000000 – 883.860000000 – 851.950000000 – 875.710000000 – 842.700000000 – 833.460000000 — 46.046595950412 – 45.504952482434

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