BOME/USDT – 1H – SELLThe combination BOOK OF MEME/Tether (BOME/USDT) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 0.00077 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.00082 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.
Also there is a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 0.00075 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 0.00082 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three Outside Down’ chart pattern is found. The candles show ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00092 |
| 2nd High | 0.00085 |
| Next High | 0.00082 |
| Current Price | 0.000752000 |
| Next Low | 0.00077 |
| 2nd Low | 0.00075 |
| 3rd Low | 0.00037 |
0.00082 – 0.00081 – 0.00082 – 0.00077 – 0.00075 – 0.00076 — 37.453402043169 – 31.309269706459 — 43.694204872144 – 24.095929792707 – 62.934776837068 – 46.99967216422
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Outside Down – – –