BNB/USDT – 30M – SELLBesides a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.
The pair Binance Coin/Tether (BNB/USDT) jumps from the ascending trendline down.
The bearish trend down to the next support level at 891.270000000 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 909.690000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Matching Low’ candlestick chart pattern is discovered. The chart forms ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 909.690000000 |
| Current Price | 907.390000000 |
| Next Low | 891.270000000 |
| 2nd Low | 888.330000000 |
| 3rd Low | 871.380000000 |
909.690000000 – 904.530000000 – 907.380000000 – 891.270000000 – 888.330000000 – 871.380000000 — 58.995363554817 – 58.108339159435
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –