BOME/USDT – 30M – SELLThe combination BOOK OF MEME/Tether (BOME/USDT) jumps from the bullish trendline downwards
A descent downwards to the next support level at 0.006123000 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.006549000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.006270972 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 0.006549000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Last Engulfing Bottom:’ candlestick chart pattern is found. The chart forms ‘Last Engulfing Bottom:’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.006881000 |
| 2nd High | 0.006750000 |
| Next High | 0.006549000 |
| Current Price | 0.006354000 |
| Next Low | 0.006123000 |
| 2nd Low | 0.006121000 |
| 3rd Low | 0.006049000 |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Last Engulfing Bottom: