BOME/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support line at 0.002049000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.002106000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Besides a ‘Three Outside Down’ candle pattern is discovered. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.002106000 – 0.002117000 – 0.002095000 – 0.002049000 – 0.001982000 – 0.001939000 — 52.356036579798 – 46.330760215575

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Outside Down – –