BOME/USDT – 1H – SELLThe pair moves from the bearish trendline down.
A continuation of the downward movement down to the next support line at 0.006731000 will persist.
Caution: A possible trend reversal in the direction of resistance at 0.008835000 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Three White Soldiers’ candle chart pattern is existing. The candles form ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.009473000 |
| 2nd High | 0.009180000 |
| Next High | 0.008835000 |
| Current Price | 0.008717000 |
| Next Low | 0.006731000 |
| 2nd Low | 0.005957000 |
| 3rd Low | 0.005677000 |