The combination BOOK OF MEME/Tether (BOME/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 0.00052 is certain.
Caution: A possible change in the direction of the resistance zone at 0.00056 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ” indicator layout is detected. The indicator shows ”. this is usually a bearish signal. The pair is likely to go down.
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In addition a ‘MACD crosses below signal’ indicator layout is detected. The indicator shows ‘MACD crosses below signal’. this is usually a bearish signal. The pair is likely to go down.
In addition a ‘Three Outside Down’ candlestick pattern is found. The candles show ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.0006 |
| 2nd High | 0.00058 |
| Next High | 0.00056 |
| Current Price | 0.000513000 |
| Next Low | 0.00052 |
| 2nd Low | 0.0005 |
| 3rd Low | 0.00048 |
0.00056 – 0.00056 – 0.00055 – 0.00052 – 0.00054 – 0.0005 —
0.000523000 – 0.000519000 —
35.269947804796 – 35.952237064082 —
– —
0.00056 – 1777064400
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Outside Down – – –