BNB/USDT – 4H – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.

The combination Binance Coin/Tether (BNB/USDT) jumps from the ascending trendline down.

A descending movement downwards to the next support at 577.06 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 640.55 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Two Crows’ candle pattern is found. The chart forms ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

640.55 – 634.8 – 631.86 – 577.06 – 596 – 587.14 —
626.900000000 – 615.600000000 —
59.311993476777 – 48.927139903056 —
– —
640.55 – 1772049600

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –