Also there is a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.
The pair BOOK OF MEME/Tether (BOME/USDT) goes from the bullish trendline downwards
A bearish movement downwards to the next support line at 0.00058 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 0.00062 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.00055 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.00062 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.0007 |
| 2nd High | 0.00066 |
| Next High | 0.00062 |
| Current Price | 0.000584000 |
| Next Low | 0.00058 |
| 2nd Low | 0.00052 |
| 3rd Low | 0.00051 |
0.00062 – 0.00061 – 0.00056 – 0.00058 – 0.00052 – 0.00051 —
0.000589000 – 0.000600000 —
45.275508857094 – 46.720031601431 —
– —
0.00062 – 1778036400
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – – Rising Wedge Chart Pattern – –