BOME/USDT – 30M – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.

The combination BOOK OF MEME/Tether (BOME/USDT) jumps from the bullish trendline downwards

A bearish movement downwards to the next support level at 0.002233000 is certain.

Caution: A possible counter-trend in the direction of resistance at 0.002473000 could happen.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.0020885 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.002473000 could happen.
Consider stop-loss settings accordingly.

Besides a ‘Three Outside Down’ candle pattern is discovered. The chart forms ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.002473000 – 0.002355000 – 0.002034000 – 0.002233000 – 0.002078000 – 0.001717000

Trading Signals: FOREX – BOME – BOME/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern