BOME/USDT – 1H – SELL

The currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the bearish trendline downwards

A continuation of the downtrend downwards to the next support line at is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.00044 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.

Next a ‘Bearish Belt Hold’ candlestick pattern is found. The candles form ‘Bearish Belt Hold’. 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 success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.00044 – 0.00044 – 0.00045 – 0.00042 – 0.00043 – 0.00042 —
0.000439000 – 0.000429000 —
54.032168540019 – 42.86427236609 —
– —
0.00044 – 1771387200

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bearish Belt Hold – Symmetrical Triangle Chart Pattern – –