BOME/USDT – 4H – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the ascending trendline down.
A descending movement down to the next support at 0.00052 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.00088 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Two Crows’ chart pattern is discovered. The candles show ‘Two Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001 |
| 2nd High | 0.00099 |
| Next High | 0.00088 |
| Current Price | 0.000703000 |
| Next Low | 0.00052 |
| 2nd Low | 0.00037 |
| 3rd Low |
0.00088 – 0.00064 – 0.00063 – 0.00052 – 0.00053 – 0.00055 — 42.122141764939 – 41.662417888783 — 8.3681949707527 – 10.745295716686 – 7.8964510087882 – 9.5882470360124
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Two Crows – Double top retreat up – –