BOME/USDT – 1H – SELL

The pair BOOK OF MEME/Tether (BOME/USDT) jumps from the bearish trendline downwards

A continuation of the downtrend downwards to the next support line at 0.001690000 is certain.

Caution: A possible change in the direction of resistance at 0.001799000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Outside Down’ candle pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.001799000 – 0.001799000 – 0.001978000 – 0.001690000 – 0.001801000 – 0.001900000 — 37.819953509453 – 36.494255656928

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