BOME/USDT – 4H – SELLThe pair BOOK OF MEME/Tether (BOME/USDT) moves from the ascending trendline downwards
A descending movement downwards to the next support at 0.001514000 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 0.002074000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Shooting Star’ candle pattern is detected. The candles form ‘Shooting Star’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002794000 |
| 2nd High | 0.002400000 |
| Next High | 0.002074000 |
| Current Price | 0.001849000 |
| Next Low | 0.001514000 |
| 2nd Low | 0.001468000 |
| 3rd Low | 0.001414000 |
0.001638000 – 0.001714000 – 0.001661000 – 0.001514000 – 0.001468000 – 0.001414000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Shooting Star –