The currency pair BOOK OF MEME/Tether (BOME/USDT) jumps from the ascending trendline downwards
A bearish movement downwards to the next support at 0.0004 is expected.
Caution: A possible counter-trend in the direction of resistance at 0.00043 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The pair is likely to go down.
Moreover a ‘Two Crows’ candle chart pattern is detected. The candles form ‘Two Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00049 |
| 2nd High | 0.00047 |
| Next High | 0.00043 |
| Current Price | 0.000399800 |
| Next Low | 0.0004 |
| 2nd Low | 0.00038 |
| 3rd Low | 0.00037 |
0.00043 – 0.00043 – 0.00047 – 0.0004 – 0.0004 – 0.00043 —
0.000416600 – 0.000405600 —
44.770252175247 – 44.385121733649 —
– —
0.00043 – 1784131200
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Two Crows – – –