BOME/USDT – 1H – SELL

The combination BOOK OF MEME/Tether (BOME/USDT) goes from the descending trendline down.

A continuation of the bearish trend down to the next support level at 0.001801000 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.001978000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘RSI fall below 30’ indicator signal is detected. The indicator shows ‘RSI fall below 30’. which is often a bearish signal. The currency pair could go down.

Next a ‘Three Black Crows’ candlestick chart pattern is found. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

0.001978000 – 0.002092000 – 0.002289000 – 0.001801000 – 0.001900000 – 0.001947000 — 37.780679365493 – 32.737306935707

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Black Crows – Double top chart pattern –