In addition a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.
The pair BOOK OF MEME/Tether (BOME/USDT) moves from the ascending trendline down.
The bearish trend down to the next support at 0.001900000 is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.002593000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘RSI fall below 30’ indicator signal is discovered. The indicator shows ‘RSI fall below 30’. which could be a negative chart scenario. The currency pair is likely to fall.
In addition a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.
In addition a ‘Three Black Crows’ candlestick chart pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002818000 |
| 2nd High | 0.002794000 |
| Next High | 0.002593000 |
| Current Price | 0.001955000 |
| Next Low | 0.001900000 |
| 2nd Low | 0.001704000 |
| 3rd Low | 0.001694000 |
0.002593000 – 0.002490000 – 0.001946000 – 0.001900000 – 0.002096000 – 0.001704000 — 37.760947597681 – 34.146888822832
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern –