BNB/USDT – 30M – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The combination Binance Coin/Tether (BNB/USDT) jumps from the ascending trendline downwards
A descent downwards to the next support level at 548.74 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 567.17 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘StochRSI %K falls below 0.8’ indicator layout is existing. The indicator is ‘StochRSI %K falls below 0.8’. this is usually a bearish signal. The currency pair is likely to fall.
Moreover a ‘Matching Low’ chart pattern is existing. The candles show ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to go up. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 570.34 |
| 2nd High | 568.98 |
| Next High | 567.17 |
| Current Price | 556.840000000 |
| Next Low | 548.74 |
| 2nd Low | 548.71 |
| 3rd Low | 537.25 |
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 – –