Then a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.
The combination Binance Coin/Tether (BNB/USDT) jumps from the bullish trendline downwards
A bearish descent down to the next support level at will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 613.39 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The pair is likely to go down.
Then a ‘Three Black Crows’ candle chart pattern is detected. The candles form ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 745.74 |
| 2nd High | 729.57 |
| Next High | 613.39 |
| Current Price | 599.550000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
613.39 – 607.33 – 598.52 – 596.58 – 580.68 – 583.84 —
606.550000000 – 606.150000000 —
49.295966295337 – 49.514905093299 —
– —
613.39 – 1781276400
Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –