BOME/USDT – 1H – SELL

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

A bearish descent downwards to the next support at 0.00038 is certain.

Caution: A possible reversal of the trend in the direction of resistance at 0.00041 should always be considered.
Consider stop-loss settings accordingly.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair could go down.

Moreover a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is certain. Current target is 0.0003993 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of support at 0.00041 should always be considered.
Consider stop-loss settings accordingly.

Moreover a ‘Two Crows’ chart pattern is existing. The chart forms ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.0004 – 0.00041 – 0.0004 – 0.00038 – 0.00036 – 0.00036 —
0.000391000 – 0.000406000 —
49.483372171624 – 68.111707043939 —
– —
0.0004 – 1775721600

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Two Crows – – –