BOME/USDT – 30M – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the ascending trendline down.
A bearish trend downwards to the next support line at 0.006786000 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.007202000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Last Engulfing Top’ candlestick pattern is existing. The candles show ‘Last Engulfing Top’. which is a negative pattern 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 Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.008454000 |
| 2nd High | 0.008282000 |
| Next High | 0.007202000 |
| Current Price | 0.006885000 |
| Next Low | 0.006786000 |
| 2nd Low | 0.006715000 |
| 3rd Low | 0.006520000 |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Last Engulfing Top