BOME/USDT – 30M – SELL

The combination BOOK OF MEME/Tether (BOME/USDT) moves from the bullish trendline downwards

A descent down to the next support at 0.009296000 is expected.

Caution: A possible change in the direction of the resistance line at 0.010106000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.0095145 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 0.010106000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Evening Star’ candle pattern is discovered. The chart forms ‘Evening Star’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Evening Star’ going down is 72% (Bull & Bear Market).

Download BOME/USDT Signal Image

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Evening Star