The currency pair BOOK OF MEME/Tether (BOME/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support at 0.0004 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.00043 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three Black Crows’ candle chart pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00051 |
| 2nd High | 0.00047 |
| Next High | 0.00043 |
| Current Price | 0.000388000 |
| Next Low | 0.0004 |
| 2nd Low | 0.00037 |
| 3rd Low | 0.00034 |
0.00043 – 0.00047 – 0.00051 – 0.0004 – 0.00037 – 0.00034 —
0.000428000 – 0.000399000 —
49.529595843497 – 26.168481598858 —
– —
0.00043 – 1771603200
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Black Crows – – –