BNB/USDT – 1H – SELL

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

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

A bearish trend down to the next support at 842.700000000 will persist.

Caution: A possible counter-trend in the direction of resistance at 900.710000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair is likely to fall.

Next a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative signal. The pair is likely to go down.

Next a ‘Three Outside Down’ candle chart pattern is found. The candles show ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘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 – –