The combination BOOK OF MEME/Tether (BOME/USDT) moves from the bullish trendline downwards
A descent downwards to the next support line at 0.002243000 is certain.
Caution: A possible change in the direction of the resistance zone at 0.002459000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
And also a ‘Last Engulfing Top’ candlestick chart pattern is detected. The candles form ‘Last Engulfing Top’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002794000 |
| 2nd High | 0.002490000 |
| Next High | 0.002459000 |
| Current Price | 0.002414000 |
| Next Low | 0.002243000 |
| 2nd Low | 0.002096000 |
| 3rd Low | 0.002078000 |
0.002459000 – 0.002370000 – 0.002410000 – 0.002243000 – 0.002096000 – 0.002201000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Last Engulfing Top – Triple bottom chart pattern