BOME/USDT – 1H – BUYThe pair BOOK OF MEME/Tether (BOME/USDT) jumps from the bullish trendline downwards
The bearish trend downwards to the next support line at 0.006178000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.006643000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 0.00649314 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.006643000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Shooting Star’ candlestick pattern is existing. The candles show ‘Shooting Star’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.006881000 |
| 2nd High | 0.006750000 |
| Next High | 0.006643000 |
| Current Price | 0.006623000 |
| Next Low | 0.006178000 |
| 2nd Low | 0.006008000 |
| 3rd Low | 0.006003000 |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Shooting Star