BOME/USDT – 4H – SELLThe combination BOOK OF MEME/Tether (BOME/USDT) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support at 0.001414000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.001714000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The pair is likely to go down.
Then a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.
Then a ‘Three Outside Down’ candlestick chart pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002074000 |
| 2nd High | 0.001715000 |
| Next High | 0.001714000 |
| Current Price | 0.001498000 |
| Next Low | 0.001414000 |
| 2nd Low | 0.001370000 |
| 3rd Low | 0.001226000 |
0.001714000 – 0.001661000 – 0.001537000 – 0.001414000 – 0.001370000 – 0.001226000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern