BOME/USDT – 4H – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support at is expected.
Caution: A possible change in the direction of resistance at 0.00083 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair could go down.
Next a ‘Three Outside Down’ candlestick chart pattern is found. The chart shows ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001 |
| 2nd High | 0.00099 |
| Next High | 0.00083 |
| Current Price | 0.000719000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.00083 – 0.00099 – 0.001 – 0.00062 – 0.00075 – 0.00079 — 49.263468431906 – 48.590069836846 — 60.543126422728 – 45.480210553157 – 77.087303715926 – 63.097939638842
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Outside Down – – –