Also there is a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The pair BOOK OF MEME/Tether (BOME/USDT) goes from the ascending trendline downwards
A bearish movement downwards to the next support level at 0.001950000 is likely expected.
Caution: A possible change in the direction of the resistance level at 0.002009000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘StochRSI fall below 80’ indicator layout is existing. The indicator shows ‘StochRSI fall below 80’. which could be a negative chart scenario. The currency pair could go down.
Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
Also there is a ‘Three Outside Down’ chart pattern is found. The candles show ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002289000 |
| 2nd High | 0.002092000 |
| Next High | 0.002009000 |
| Current Price | 0.001981000 |
| Next Low | 0.001950000 |
| 2nd Low | 0.001739000 |
| 3rd Low | 0.001691000 |
0.002009000 – 0.001786000 – 0.001808000 – 0.001950000 – 0.001739000 – 0.001691000 — 58.110877233256 – 50.177745689686
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –