BOME/USDT – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.005356 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.005744000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bearish Belt Hold’ chart pattern is detected. The candles form ‘Bearish Belt Hold’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.007202000 |
| 2nd High | 0.006922000 |
| Next High | 0.005744000 |
| Current Price | 0.005741000 |
| Next Low | 0.005383000 |
| 2nd Low | 0.005356000 |
| 3rd Low |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bearish Belt Hold