BOME/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support at will continue.

Caution: A possible trend reversal in the direction of resistance at 0.002414000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.002097 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.002414000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Two Crows’ candlestick chart pattern is found. The candles show ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.002414000 – 0.002490000 – 0.002473000 – 0.002233000 – 0.002078000 – 0.001717000

Trading Signals: FOREX – BOME – BOME/USDT – USDT – Two Crows –