BOME/USDT – 1H – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the bullish trendline downwards
A bearish descent downwards to the next support at 0.002243000 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 0.002490000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Two Crows’ candlestick chart pattern is discovered. The chart forms ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002818000 |
| 2nd High | 0.002794000 |
| Next High | 0.002490000 |
| Current Price | 0.002414000 |
| Next Low | 0.002243000 |
| 2nd Low | 0.002096000 |
| 3rd Low | 0.002078000 |
0.002410000 – 0.002369000 – 0.002490000 – 0.002243000 – 0.002096000 – 0.002201000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Two Crows – Triple bottom chart pattern