BOME/USDT – 1H – SELLThe combination BOOK OF MEME/Tether (BOME/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 0.006008000 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 0.006490000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bearish Belt Hold’ chart pattern is existing. The candles show ‘Bearish Belt Hold’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.006549000 |
| 2nd High | 0.006511000 |
| Next High | 0.006490000 |
| Current Price | 0.006394000 |
| Next Low | 0.006008000 |
| 2nd Low | 0.006003000 |
| 3rd Low | 0.005971000 |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bearish Belt Hold