BOME/USDT – 1H – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 0.005453000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.007202000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Bearish Engulfing’ candlestick pattern is found. The candles show ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.008454000 |
| 2nd High | 0.008282000 |
| Next High | 0.007202000 |
| Current Price | 0.005470000 |
| Next Low | 0.005453000 |
| 2nd Low | |
| 3rd Low |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bearish Engulfing