Sell BOME/USDT – 1H – SELL

The pair BOOK OF MEME/Tether (BOME/USDT) goes from the ascending trendline down.

A bearish trend down to the next support level at 0.006178000 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.006643000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Black Crows’ candlestick chart pattern is detected. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

Support & Resistance Price Range*
3rd High 0.006881000
2nd High 0.006750000
Next High 0.006643000
Current Price 0.006540000
Next Low 0.006178000
2nd Low 0.006008000
3rd Low 0.006003000

Download BOME/USDT Signal Image

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