BOME/USDT – 1H – SELLThe combination BOOK OF MEME/Tether (BOME/USDT) moves from the bullish trendline downwards
A bearish descent down to the next support at 0.001370000 is likely expected.
Caution: A possible change in the direction of the resistance line at 0.001661000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three Outside Down’ candle chart pattern is found. The candles form ‘Three Outside Down’. this 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 ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002063000 |
| 2nd High | 0.001715000 |
| Next High | 0.001661000 |
| Current Price | 0.001573000 |
| Next Low | 0.001370000 |
| 2nd Low | 0.001226000 |
| 3rd Low |
0.001661000 – 0.001567000 – 0.001517000 – 0.001370000 – 0.001226000 – 0.001316000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern