BOME/USDT – 1H – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) jumps from the ascending trendline downwards
A descending movement downwards to the next support at 0.006786000 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.007202000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bearish Belt Hold’ chart pattern is found. The chart shows ‘Bearish Belt Hold’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.008454000 |
| 2nd High | 0.008282000 |
| Next High | 0.007202000 |
| Current Price | 0.006865000 |
| Next Low | 0.006786000 |
| 2nd Low | 0.006715000 |
| 3rd Low | 0.006520000 |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bearish Belt Hold