The combination BOOK OF MEME/Tether (BOME/USDT) goes from the ascending trendline downwards
The bearish trend down to the next support line at 0.002069000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.002220000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Two Crows’ candle chart pattern is existing. The chart forms ‘Two Crows’. which is a bearish signal. The 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 | 0.002593000 |
| 2nd High | 0.002358000 |
| Next High | 0.002220000 |
| Current Price | 0.002203000 |
| Next Low | 0.002069000 |
| 2nd Low | 0.002049000 |
| 3rd Low | 0.001982000 |
0.002220000 – 0.002106000 – 0.002117000 – 0.002069000 – 0.002049000 – 0.001982000 — 68.375403591965 – 62.179751465934
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Two Crows – –