BOME/USDT – 30M – SELLThe pair BOOK OF MEME/Tether (BOME/USDT) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 0.001982000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.002095000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Two Crows’ candle chart pattern is discovered. The candles form ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002121000 |
| 2nd High | 0.002116000 |
| Next High | 0.002095000 |
| Current Price | 0.002090000 |
| Next Low | 0.001982000 |
| 2nd Low | 0.001939000 |
| 3rd Low | 0.001900000 |
0.002095000 – 0.002116000 – 0.002121000 – 0.001982000 – 0.001939000 – 0.001994000 — 63.599974471496 – 61.114515977166
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Two Crows – –