BOME/USDT – 30M – SELL

The currency pair BOOK OF MEME/Tether (BOME/USDT) jumps from the descending trendline down.

A continuation of the bearish trend downwards to the next support at is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.001946000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Additionally a ‘Three Outside Down’ chart pattern is found. The candles form ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. 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).

0.001946000 – 0.001860000 – 0.001859000 – 0.001840000 – 0.001778000 – 0.001761000

Trading Signals: FOREX – BOME – BOME/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern