BOME/USDT – 1H – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the bullish trendline downwards
A descending movement down to the next support line at 0.001370000 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.001661000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.
Additionally a ‘Three Black Crows’ candlestick pattern is found. The candles show ‘Three Black Crows’. 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 chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002063000 |
| 2nd High | 0.001715000 |
| Next High | 0.001661000 |
| Current Price | 0.001547000 |
| 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 Black Crows –