BOME/USDT – 1H – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the ascending trendline downwards
A bearish movement down to the next support at 0.001801000 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 0.001978000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘RSI fall below 30’ indicator layout is discovered. The indicator shows ‘RSI fall below 30’. this is usually a bearish signal. The currency pair could go down.
In addition a ‘Tweezers Top’ chart pattern is existing. The candles form ‘Tweezers Top’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002289000 |
| 2nd High | 0.002092000 |
| Next High | 0.001978000 |
| Current Price | 0.001721000 |
| Next Low | 0.001801000 |
| 2nd Low | 0.001704000 |
| 3rd Low | 0.001694000 |
0.001978000 – 0.002092000 – 0.002289000 – 0.001801000 – 0.001900000 – 0.001947000 — 36.984405642288 – 29.584768939663
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Tweezers Top – Double top chart pattern –