BOME/USDT – 1H – SELL

The currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the bearish trendline down.

A continuation of the bearish trend downwards to the next support line at 0.00052 is expected.

Caution: A possible change in the direction of the resistance level at 0.00062 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.00056 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 0.00062 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Two Crows’ candlestick chart pattern is discovered. The candles show ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.00062 – 0.00059 – 0.0006 – 0.00056 – 0.00056 – 0.00058 —
0.000579000 – 0.000567000 —
40.575430992361 – 33.077850737718 —
– —
0.00062 – 1769601600

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –