BOME/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support at 0.001801000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.001978000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘RSI cross above 30’ indicator signal is found. The indicator is ‘RSI cross above 30’. this is usually a bullish signal. The pair is likely to go up.

Additionally a ‘Three Black Crows’ candlestick pattern is detected. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

0.001978000 – 0.002092000 – 0.002289000 – 0.001801000 – 0.001900000 – 0.001947000 — 26.57540626139 – 25.643300102959

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Black Crows – Double top retreat up –