BOME/USDT – 1H – SELL

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

A continuation of the downward movement downwards to the next support line at is expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.001786000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair could go down.

Besides a ‘StochRSI fall below 80’ indicator layout is existing. The indicator is ‘StochRSI fall below 80’. which is often a bearish chart scenario. The currency pair could go down.

Besides a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.001786000 – 0.001848000 – 0.001824000 – 0.001650000 – 0.001768000 – 0.001651000 — 55.402138660688 – 53.540352180489

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – – –