BNB/USDT – 30M – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.
The currency pair Binance Coin/Tether (BNB/USDT) moves from the ascending trendline downwards
A bearish descent downwards to the next support level at 548.74 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 567.17 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘StochRSI %K falls below 0.8’ indicator signal is found. The indicator is ‘StochRSI %K falls below 0.8’. which could be a negative chart scenario. The currency pair is likely to fall.
Additionally a ‘Matching Low’ candlestick chart pattern is detected. The candles form ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘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 – –