BOME/USDT – 4H – SELLThe pair BOOK OF MEME/Tether (BOME/USDT) jumps from the bullish trendline downwards
A bearish descent downwards to the next support at 0.001704000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.002400000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Matching Low’ candlestick chart pattern is discovered. The chart forms ‘Matching Low’. which is a positive 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 | 0.002818000 |
| 2nd High | 0.002794000 |
| Next High | 0.002400000 |
| Current Price | 0.002286000 |
| 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 –