BOME/USDT – 30M – SELLThe pair BOOK OF MEME/Tether (BOME/USDT) jumps from the bullish trendline downwards
A bearish movement downwards to the next support line at 0.006920000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.007099000 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Last Engulfing Bottom:’ candle chart pattern is found. The candles form ‘Last Engulfing Bottom:’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.008454000 |
| 2nd High | 0.008282000 |
| Next High | 0.007099000 |
| Current Price | 0.006975000 |
| Next Low | 0.006920000 |
| 2nd Low | 0.006520000 |
| 3rd Low | 0.006178000 |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Last Engulfing Bottom: