BNB/USDT – 1H – SELLBesides a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The combination Binance Coin/Tether (BNB/USDT) jumps from the ascending trendline downwards
A bearish descent downwards to the next support level at 836.08 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 854.49 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.
Besides a ‘Three Inside Down’ candle chart pattern is found. The chart forms ‘Three Inside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 949.77 |
| 2nd High | 941.06 |
| Next High | 854.49 |
| Current Price | 837.700000000 |
| Next Low | 836.08 |
| 2nd Low | 813.77 |
| 3rd Low | 790.79 |
854.49 – 842.93 – 941.06 – 836.08 – 813.77 – 790.79 — 46.423585327104 – 42.222793825524 — 16.52742653847 – 12.048643119289 – 36.067014253183 – 21.846507725835
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Inside Down – Rising Wedge Chart Pattern – –