The currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 0.00035 will persist.
Caution: A possible change in the direction of resistance at 0.0004 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Two Crows’ candlestick chart pattern is detected. The chart forms ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00044 |
| 2nd High | 0.00043 |
| Next High | 0.0004 |
| Current Price | 0.000388000 |
| Next Low | 0.00035 |
| 2nd Low | 0.00034 |
| 3rd Low |
0.0004 – 0.00038 – 0.0004 – 0.00035 – 0.00037 – 0.00039 —
0.000395000 – 0.000397000 —
67.658904972827 – 64.631630399945 —
– —
0.0004 – 1772330400
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –