BOME/USDT – 1H – SELL

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

A descending movement down to the next support line at 0.007814000 is likely expected.

Caution: A possible change in the direction of the resistance level at 0.008984000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.007379 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 0.008984000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Black Crows’ candle pattern is found. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

Download BOME/USDT Signal Image

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Black Crows