BOME/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support level at 0.001801000 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.001978000 could happen.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 0.001801 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.001978000 could happen.
Consider stop-loss settings accordingly.

And also a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

0.001978000 – 0.002092000 – 0.002289000 – 0.001801000 – 0.001900000 – 0.001947000 — 46.387690119139 – 42.180826711987

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Black Crows – –