BOME/USDT – 1H – SELLThe pair BOOK OF MEME/Tether (BOME/USDT) moves from the ascending trendline down.
A bearish trend downwards to the next support at 0.006123000 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.006549000 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.006245352 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 0.006549000 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Bearish Engulfing’ chart pattern is detected. The candles show ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.006881000 |
| 2nd High | 0.006750000 |
| Next High | 0.006549000 |
| Current Price | 0.006207000 |
| Next Low | 0.006123000 |
| 2nd Low | 0.006049000 |
| 3rd Low | 0.006003000 |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bearish Engulfing