BOME/USDT – 4H – SELLThe pair BOOK OF MEME/Tether (BOME/USDT) moves from the ascending trendline down.
A bearish trend downwards to the next support line at 0.001704000 is considered certain.
Caution: A possible change in the direction of the resistance level at 0.001946000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Matching Low’ candle chart pattern is detected. The candles show ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002074000 |
| 2nd High | 0.002018000 |
| Next High | 0.001946000 |
| Current Price | 0.002147000 |
| Next Low | 0.001704000 |
| 2nd Low | 0.001694000 |
| 3rd Low | 0.001514000 |
0.001946000 – 0.002018000 – 0.001638000 – 0.001704000 – 0.001694000 – 0.001514000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Matching Low –