BNB/USDT – 30M – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.

The pair Binance Coin/Tether (BNB/USDT) goes from the descending trendline down.

A continuation of the downward movement downwards to the next support at 596.58 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 613.39 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Two Crows’ candle pattern is existing. The chart forms ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

613.39 – 607.33 – 603.77 – 596.58 – 596.03 – 582.1 —
604.080000000 – 606.270000000 —
44.465105459847 – 55.108288274163 —
– —
613.39 – 1781276400

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