BNB/USDT – 30M – SELL

Then a ‘Rising Wedge Chart Pattern’ chart pattern is found. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

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

A descent down to the next support line at 595.38 is expected.

Caution: A possible counter-trend in the direction of resistance at 624.8 could happen.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair could go down.

Then a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 608.645 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 624.8 could happen.
Consider stop-loss settings accordingly.

Then a ‘Matching Low’ candle chart pattern is detected. The chart shows ‘Matching Low’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

624.8 – 616.64 – 620.87 – 595.38 – 592.49 – 600.6 —
616.260000000 – 616.690000000 —
50.376299058542 – 51.650791328223 —
– —
624.8 – 1771030800

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –