In addition a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.
The currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the bullish trendline down.
A descent down to the next support at will continue.
Caution: A possible change in the direction of the resistance level at 0.002593000 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair could go down.
In addition a ‘Three Inside Down’ candlestick chart pattern is discovered. The candles form ‘Three Inside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ going 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 –