And also a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. 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 downwards to the next support line at will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.002593000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair could go down.
And also a ‘Three Inside Down’ candle pattern is existing. The chart forms ‘Three Inside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002818000 |
| 2nd High | 0.002794000 |
| Next High | 0.002593000 |
| Current Price | 0.001963000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.002593000 – 0.002490000 – 0.001946000 – 0.001900000 – 0.002096000 – 0.001704000 — 41.669554714228 – 37.578698227607
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Inside Down – Rising Wedge Chart Pattern –