BOME/USDT – 30M – SELL

The currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the bearish trendline downwards

A continuation of the downward movement down to the next support line at 0.001984000 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 0.002358000 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘RSI fall below 30’ indicator layout is found. The indicator is ‘RSI fall below 30’. this is usually a bearish chart signal. The currency pair could go down.

Moreover a ‘Three Black Crows’ candle pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

0.002358000 – 0.002329000 – 0.002593000 – 0.001984000 – 0.002220000 – 0.002191000

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Black Crows – –