Sell BOME/USDT – 1H – SELL

The currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the ascending trendline downwards

A bearish movement down to the next support line at 0.006786000 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 0.007202000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Bearish Harami’ candle pattern is detected. The candles form ‘Bearish Harami’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

Support & Resistance Price Range*
3rd High 0.008454000
2nd High 0.008282000
Next High 0.007202000
Current Price 0.006876000
Next Low 0.006786000
2nd Low 0.006715000
3rd Low 0.006520000

Download BOME/USDT Signal Image

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