BOME/USDT – 1H – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support at 0.009058000 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 0.010127000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bearish Engulfing’ candle pattern is existing. The candles show ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. 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 | 0.010537000 |
| 2nd High | 0.010141000 |
| Next High | 0.010127000 |
| Current Price | 0.009386000 |
| Next Low | 0.009058000 |
| 2nd Low | 0.008910000 |
| 3rd Low | 0.008714000 |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bearish Engulfing