BOME/USDT – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.007379 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.008984000 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Bearish Engulfing’ candle pattern is found. The chart forms ‘Bearish Engulfing’. which is a bearish pattern 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 | 0.011304000 |
| Next High | 0.008984000 |
| Current Price | 0.008205000 |
| Next Low | 0.007814000 |
| 2nd Low | 0.007379000 |
| 3rd Low | 0.006731000 |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bearish Engulfing