BOME/USDT – 1H – BUY

The combination BOOK OF MEME/Tether (BOME/USDT) moves from the bearish trendline downwards

A continuation of the downward movement down to the next support level at 0.006008000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.006490000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.006379 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.006490000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Two Crows’ candlestick pattern is detected. The chart shows ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

Download BOME/USDT Signal Image

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Two Crows