Then a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.
The currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the bullish trendline down.
A descending movement downwards to the next support line at 0.001954000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.002082000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002551000 |
| 2nd High | 0.002490000 |
| Next High | 0.002082000 |
| Current Price | 0.001965000 |
| Next Low | 0.001954000 |
| 2nd Low | 0.001947000 |
| 3rd Low | 0.001931000 |
0.002082000 – 0.002029000 – 0.002032000 – 0.001954000 – 0.001947000 – 0.001931000 — 41.295708778994 – 39.830218435065
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –