The combination BOOK OF MEME/Tether (BOME/USDT) goes from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 0.0004 will persist.
Caution: A possible trend reversal in the direction of resistance at 0.00041 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Matching Low’ chart pattern is existing. The chart forms ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00045 |
| 2nd High | 0.00043 |
| Next High | 0.00041 |
| Current Price | 0.000403000 |
| Next Low | 0.0004 |
| 2nd Low | 0.00038 |
| 3rd Low | 0.00037 |
0.00041 – 0.00043 – 0.00043 – 0.0004 – 0.0004 – 0.00041 —
0.000403600 – 0.000405200 —
51.014493248577 – 52.251789057203 —
– —
0.00041 – 1784278800
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Matching Low – – –