BNB/USDT – 30M – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The pair Binance Coin/Tether (BNB/USDT) moves from the ascending trendline down.
The bearish trend downwards to the next support at 813.77 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 854.49 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
Moreover a ‘Bearish Engulfing’ candle pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 941.06 |
| 2nd High | 883.61 |
| Next High | 854.49 |
| Current Price | 841.390000000 |
| Next Low | 813.77 |
| 2nd Low | 790.79 |
| 3rd Low | 765 |
854.49 – 842.93 – 836.36 – 813.77 – 813.85 – 790.79 — 52.562871546201 – 51.33348861863 — 29.093387266972 – 21.847008915812 – 34.37058461835 – 28.289389274361
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –