The currency pair BOOK OF MEME/Tether (BOME/USDT) jumps from the bullish trendline downwards
A descent downwards to the next support at 0.00049 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.00055 should be noted.
Consider stop-loss settings accordingly.
And also a ‘Two Crows’ candle chart pattern is discovered. The chart shows ‘Two Crows’. which is a negative chart scenario. 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’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00063 |
| 2nd High | 0.00057 |
| Next High | 0.00055 |
| Current Price | 0.000494000 |
| Next Low | 0.00049 |
| 2nd Low | 0.00047 |
| 3rd Low | 0.00041 |
0.00055 – 0.00054 – 0.00057 – 0.00049 – 0.00052 – 0.00052 —
0.000507000 – 0.000500000 —
36.942918829837 – 41.916165669556 —
– —
0.00055 – 1776502800
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Two Crows – – –