BOME/USDT – 30M – SELLThe combination BOOK OF MEME/Tether (BOME/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support line at 0.002194000 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.002266000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Shooting Star’ chart pattern is existing. The candles form ‘Shooting Star’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002490000 |
| 2nd High | 0.002339000 |
| Next High | 0.002266000 |
| Current Price | 0.002138000 |
| Next Low | 0.002194000 |
| 2nd Low | 0.002052000 |
| 3rd Low | 0.001981000 |
0.002266000 – 0.002339000 – 0.002323000 – 0.002194000 – 0.002207000 – 0.002242000 — 28.314304727692 – 28.784478090792
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Shooting Star – Double top chart pattern – –