BOME/USDT – 1H – SELL

Additionally a ‘Symmetrical Triangle Chart Pattern’ chart formation is detected. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.

The pair BOOK OF MEME/Tether (BOME/USDT) moves from the bearish trendline down.

A continuation of the downward movement downwards to the next support line at 0.001904000 is likely expected.

Caution: A possible change in the direction of the resistance line at 0.001969000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.001878 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.001969000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

0.001969000 – 0.001949000 – 0.001995000 – 0.001904000 – 0.001813000 – 0.001761000 — 48.010507132323 – 42.101438245777

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –