BOME/USDT – 30M – SELLThe combination BOOK OF MEME/Tether (BOME/USDT) jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support at 0.009369000 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.010106000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bearish Engulfing’ candle chart pattern is existing. The candles show ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.010537000 |
| 2nd High | 0.010529000 |
| Next High | 0.010106000 |
| Current Price | 0.009692000 |
| Next Low | 0.009369000 |
| 2nd Low | 0.008500000 |
| 3rd Low | 0.008211000 |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bearish Engulfing