The pair BOOK OF MEME/Tether (BOME/USDT) moves from the bullish trendline downwards
A bearish trend down to the next support level at 0.001909000 will continue.
Caution: A possible trend reversal in the direction of resistance at 0.002018000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Black Crows’ chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002074000 |
| 2nd High | 0.002063000 |
| Next High | 0.002018000 |
| Current Price | 0.001880000 |
| Next Low | 0.001909000 |
| 2nd Low | 0.001578000 |
| 3rd Low | 0.001552000 |
0.002018000 – 0.001735000 – 0.001620000 – 0.001909000 – 0.001578000 – 0.001552000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Three Black Crows – Double bottom retreat down