BOME/USDT – 30M – SELL

The currency pair BOOK OF MEME/Tether (BOME/USDT) jumps from the descending trendline down.

A continuation of the downtrend downwards to the next support at 0.002095000 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.002200000 should be noted.
Consider stop-loss settings accordingly.

There is also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

There is also a ‘Three Outside Down’ chart pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.002200000 – 0.002177000 – 0.002089000 – 0.002095000 – 0.001996000 – 0.002000000 — 50.233521020833 – 46.523313745949

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Outside Down – – –