BOME/USDT – 1H – SELLThe combination BOOK OF MEME/Tether (BOME/USDT) jumps from the bullish trendline downwards
A bearish descent down to the next support line at 0.006163000 will persist.
Caution: A possible trend reversal in the direction of resistance at 0.006549000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Last Engulfing Bottom:’ candlestick chart pattern is existing. The chart forms ‘Last Engulfing Bottom:’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.006881000 |
| 2nd High | 0.006750000 |
| Next High | 0.006549000 |
| Current Price | 0.006338000 |
| Next Low | 0.006163000 |
| 2nd Low | 0.006049000 |
| 3rd Low | 0.006003000 |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Last Engulfing Bottom: