BOME/USDT – 4H – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the ascending trendline downwards
A bearish descent downwards to the next support line at 0.001704000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.002400000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three Black Crows’ candle pattern is discovered. The candles show ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002818000 |
| 2nd High | 0.002794000 |
| Next High | 0.002400000 |
| Current Price | 0.002111000 |
| 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 – Three Black Crows – Symmetrical Triangle Chart Pattern