BOME/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support level at 0.001756000 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 0.001838000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Moreover a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.001838000 – 0.001954000 – 0.002194000 – 0.001756000 – 0.001761000 – 0.001825000 — 39.676534865167 – 35.890000002132

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