BOME/USDT – 30M – SELL

The pair BOOK OF MEME/Tether (BOME/USDT) jumps from the descending trendline downwards

A continuation of the bearish trend downwards to the next support level at is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.00069 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair could go down.

Additionally a ‘%K crosses below %D’ indicator signal is discovered. The indicator shows ‘%K crosses below %D’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.00067 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 0.00069 is within the realm of possibility.
Consider stop-loss settings accordingly.

0.00069 – 0.00069 – 0.00069 – 0.00064 – 0.00066 – 0.00067 — 55.561955099679 – 49.622099521174 — 72.748191409006 – 51.850524240523 – 66.620156988647 – 66.040836267549

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – – Double bottom chart pattern – –