BOME/USDT – 1H – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the bullish trendline down.
A bearish movement down to the next support line at 0.002096000 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.002410000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.
Next a ‘Matching Low’ candlestick pattern is detected. The chart forms ‘Matching Low’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002794000 |
| 2nd High | 0.002490000 |
| Next High | 0.002410000 |
| Current Price | 0.002386000 |
| Next Low | 0.002096000 |
| 2nd Low | 0.002078000 |
| 3rd Low | 0.001704000 |
0.002410000 – 0.002369000 – 0.002490000 – 0.002096000 – 0.002201000 – 0.002078000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Matching Low –