BNB/USDT – 30M – SELL

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

The currency pair Binance Coin/Tether (BNB/USDT) goes from the ascending trendline downwards

A bearish descent downwards to the next support level at 548.74 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 567.17 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘StochRSI %K falls below 0.8’ indicator layout is detected. The indicator is ‘StochRSI %K falls below 0.8’. which is often a bearish chart signal. The currency pair could go down.

Moreover a ‘Matching Low’ candlestick chart pattern is found. The candles form ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

567.17 – 561.19 – 559.55 – 548.74 – 548.71 – 537.25 —
561.820000000 – 558.450000000 —
57.137404096682 – 46.759480512054 —
– —
567.17 – 1782999000

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