Furthermore a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.
The pair BOOK OF MEME/Tether (BOME/USDT) goes from the ascending trendline downwards
A descending movement down to the next support at 0.001909000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.002018000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002074000 |
| 2nd High | 0.002063000 |
| Next High | 0.002018000 |
| Current Price | 0.001935000 |
| 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 – – Rising Wedge Chart Pattern