Then a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.
The pair Binance Coin/Tether (BNB/USDT) moves from the bullish trendline down.
A bearish trend down to the next support line at 610.26 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 689.37 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Tweezers Top’ chart pattern is discovered. The candles show ‘Tweezers Top’. this 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 ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 909.43 |
| 2nd High | 783.57 |
| Next High | 689.37 |
| Current Price | 651.360000000 |
| Next Low | 610.26 |
| 2nd Low | 589.1 |
| 3rd Low | 580.33 |
689.37 – 664.26 – 639 – 610.26 – 618.38 – 615 —
686.740000000 – 658.340000000 —
53.744464677151 – 44.31257370887 —
– —
689.37 – 1778844600
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Tweezers Top – Rising Wedge Chart Pattern – –