BOME/USDT – 1H – SELL

And also a ‘Double bottom retreat down’ chart pattern is found. The formation shows ‘Double bottom retreat down’. which is a negative signal. The pair is likely to go down.

The pair BOOK OF MEME/Tether (BOME/USDT) jumps from the bullish trendline down.

A bearish descent downwards to the next support level at 0.002243000 will persist.

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

And also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could 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 trend reversal in the direction of support at 0.002794000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Black Crows’ candle pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability 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