The currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the ascending trendline downwards
A descent downwards to the next support level at 0.006786000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.007202000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Then a ‘Tweezers Top’ candle pattern is detected. The chart shows ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.008454000 |
2nd High | 0.008282000 |
Next High | 0.007202000 |
Current Price | 0.006872000 |
Next Low | 0.006786000 |
2nd Low | 0.006715000 |
3rd Low | 0.006520000 |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Tweezers Top