BOME/USDT – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.

The pair BOOK OF MEME/Tether (BOME/USDT) jumps from the ascending trendline downwards

The bearish trend down to the next support level at 0.002233000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 0.002473000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.0020885 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.002473000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Outside Down’ candlestick pattern is found. The chart forms ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.002473000 – 0.002355000 – 0.002034000 – 0.002233000 – 0.002078000 – 0.001717000

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