Furthermore a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.
The combination BOOK OF MEME/Tether (BOME/USDT) moves from the bullish trendline down.
A bearish movement down to the next support at 0.001950000 is certain.
Caution: A possible change in the direction of the resistance line at 0.002082000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Black Crows’ candlestick pattern is detected. The candles show ‘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 chance of ‘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 | 0.001977000 |
| Next Low | 0.001950000 |
| 2nd Low | 0.001947000 |
| 3rd Low | 0.001931000 |
0.002082000 – 0.002032000 – 0.002490000 – 0.001950000 – 0.001947000 – 0.001931000 — 43.875932790766 – 43.114798104263
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –