BOME/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support level at 0.001651000 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.001848000 could be enabled.
Consider stop-loss settings accordingly.

And also a ‘StochRSI fall below 80’ indicator signal is existing. The indicator shows ‘StochRSI fall below 80’. which is often a bearish chart scenario. The currency pair could go down.

And also a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

And also a ‘Two Crows’ candlestick pattern is existing. The candles show ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.001848000 – 0.001824000 – 0.001799000 – 0.001768000 – 0.001651000 – 0.001690000 — 37.008936321933 – 31.266161517714

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Two Crows – Double top chart pattern – –