BOME/USDT – 1H – SELL

Next a ‘Double bottom retreat down’ chart layout is discovered. The chart picture shows ‘Double bottom retreat down’. which is a bearish pattern signal. The currency pair is likely to fall.

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

A descending movement downwards to the next support at 0.001704000 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.002018000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 0.001899056 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.002018000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Two Crows’ candle chart pattern is found. The chart shows ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.001946000 – 0.002018000 – 0.001608000 – 0.001704000 – 0.001778000 – 0.001694000

Trading Signals: FOREX – BOME – BOME/USDT – USDT – Two Crows – Double bottom retreat down