BOME/USDT – 4H – SELLThe combination BOOK OF MEME/Tether (BOME/USDT) jumps from the descending trendline downwards
A continuation of the downtrend down to the next support at 0.009380000 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 0.011167000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Bearish Engulfing’ candle pattern is discovered. The candles form ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.012595000 |
| 2nd High | 0.011250000 |
| Next High | 0.011167000 |
| Current Price | 0.009695000 |
| Next Low | 0.009380000 |
| 2nd Low | 0.009209000 |
| 3rd Low | 0.006731000 |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bearish Engulfing