BOME/USDT – 1H – SELL

The currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the descending trendline downwards

A continuation of the downtrend downwards to the next support line at 0.006123000 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.006511000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.006245352 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.006511000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Two Crows’ candlestick chart pattern is discovered. The candles form ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

Download BOME/USDT Signal Image

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Two Crows