BOME/USDT – 30M – SELL

The combination BOOK OF MEME/Tether (BOME/USDT) moves from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support at will continue.

Caution: A possible counter-trend in the direction of the resistance line at 0.002032000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.001933 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 0.002032000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Two Crows’ candle chart pattern is found. The chart forms ‘Two 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 success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.002032000 – 0.002159000 – 0.002266000 – 0.001964000 – 0.001933000 – 0.002099000 — 49.542643775307 – 47.179994710641

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Two Crows – Double bottom retreat down – –