BOME/USDT – 1H – SELLThe combination BOOK OF MEME/Tether (BOME/USDT) moves from the ascending trendline downwards
A bearish descent down to the next support at 0.006520000 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.007099000 could be enabled.
Consider stop-loss settings accordingly.
And also a ‘Last Engulfing Top’ candlestick pattern is existing. The candles form ‘Last Engulfing Top’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.008454000 |
| 2nd High | 0.008282000 |
| Next High | 0.007099000 |
| Current Price | 0.006984000 |
| Next Low | 0.006520000 |
| 2nd Low | 0.006178000 |
| 3rd Low | 0.006008000 |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Last Engulfing Top