BOME/USDT – 1H – SELL

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

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

Caution: A possible counter-trend in the direction of resistance at 0.001848000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘StochRSI cross above 20’ indicator signal is found. The indicator shows ‘StochRSI cross above 20’. which is often a bullish chart signal. The currency pair is likely to rise.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.001651 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 0.001848000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Black Crows’ candle pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

0.001848000 – 0.001824000 – 0.001799000 – 0.001768000 – 0.001651000 – 0.001690000 — 33.94314990646 – 31.473494700219

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