BOME/USDT – 1H – SELLThe combination BOOK OF MEME/Tether (BOME/USDT) goes from the descending trendline downwards
A continuation of the downward movement down to the next support level at 0.006731000 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 0.008282000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bearish Engulfing’ candle chart pattern is found. The chart forms ‘Bearish Engulfing’. 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 ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.008984000 |
| 2nd High | 0.008454000 |
| Next High | 0.008282000 |
| Current Price | 0.006597000 |
| Next Low | 0.006731000 |
| 2nd Low | |
| 3rd Low |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bearish Engulfing