Moreover a ‘Symmetrical Triangle Chart Pattern’ chart pattern is detected. The chart forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.
The currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the ascending trendline downwards
A bearish trend downwards to the next support at is certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.002200000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Moreover a ‘Southern Doji’ candle pattern is existing. The chart forms ‘Southern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002551000 |
| 2nd High | 0.002339000 |
| Next High | 0.002200000 |
| Current Price | 0.002003000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.002200000 – 0.002339000 – 0.002101000 – 0.001989000 – 0.001933000 – 0.001834000 — 42.262431411935 – 41.934746343476
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Southern Doji – Symmetrical Triangle Chart Pattern – –