BOME/USDT – 1H – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 0.00062 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 0.00083 could occur.
Consider stop-loss settings accordingly.
In addition a ‘Three Outside Down’ candlestick pattern is detected. 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 success rate of a ‘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 | 0.00083 |
| Current Price | 0.000676000 |
| Next Low | 0.00062 |
| 2nd Low | 0.00037 |
| 3rd Low |
0.00083 – 0.0008 – 0.00082 – 0.00062 – 0.00072 – 0.00077 — 41.321283084107 – 38.573878261109 — 93.478869297509 – 81.845321391921 – 93.497448232357 – 91.436974736931
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Outside Down – – –