BOME/USDT – 30M – SELL

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 0.00052 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 0.00054 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘MACD crosses below signal’ indicator signal is detected. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.000515 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 0.00054 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Outside Down’ chart pattern is found. The candles form ‘Three Outside Down’. 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 Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.00054 – 0.00052 – 0.00055 – 0.00052 – 0.0005 – 0.00048 —
0.000534000 – 0.000537000 —
59.678997980891 – 61.68991392408 —
– —
0.00054 – 1777564800

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Outside Down – – –