BOME/USDT – 1H – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.
The combination BOOK OF MEME/Tether (BOME/USDT) goes from the bullish trendline downwards
The bearish trend down to the next support at 0.002078000 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.002490000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Two Crows’ chart pattern is existing. The candles show ‘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 success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002818000 |
| 2nd High | 0.002794000 |
| Next High | 0.002490000 |
| Current Price | 0.002341000 |
| Next Low | 0.002078000 |
| 2nd Low | 0.001704000 |
| 3rd Low | 0.001694000 |
0.002490000 – 0.002473000 – 0.002355000 – 0.002078000 – 0.001704000 – 0.001778000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Two Crows – Rising Wedge Chart Pattern