Sell BOME/USDT – 1H – SELL

The currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the bullish trendline down.

A bearish movement downwards to the next support at 0.006008000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.007202000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Bearish Harami’ candlestick chart pattern is existing. The chart forms ‘Bearish Harami’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

Support & Resistance Price Range*
3rd High 0.008454000
2nd High 0.008282000
Next High 0.007202000
Current Price 0.006059000
Next Low 0.006008000
2nd Low 0.006003000
3rd Low 0.005971000

Download BOME/USDT Signal Image

Trading Signals:

Forex and Crypto Live Trading Signals - MyLiveSignals