BOME/USDT – 1H – SELL

Moreover a ‘Double top chart pattern’ chart pattern is detected. The formation shows ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to fall.

The currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the bullish trendline down.

A bearish movement down to the next support at 0.001900000 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 0.002092000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Outside Down’ candle chart pattern is found. The chart shows ‘Three Outside Down’. 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 ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.002092000 – 0.002289000 – 0.002117000 – 0.001947000 – 0.002049000 – 0.001939000 — 35.305493349847 – 32.775841642842

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Outside Down – Double top chart pattern –