BOME/USDT – 1H – SELL

Also there is a ‘Double bottom retreat down’ chart pattern is discovered. The chart picture forms ‘Double bottom retreat down’. this is a bearish pattern signal. The pair is likely to go down.

The currency pair BOOK OF MEME/Tether (BOME/USDT) jumps from the ascending trendline downwards

A bearish trend down to the next support at 0.002243000 will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.002794000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.002392768 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.002794000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Three Black Crows’ chart pattern is found. The candles show ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

0.002410000 – 0.002369000 – 0.002490000 – 0.002243000 – 0.002096000 – 0.002201000

Trading Signals: FOREX – BOME – BOME/USDT – USDT – Three Black Crows – Double bottom retreat down