BOME/USDT – 4H – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) jumps from the ascending trendline down.
A descent downwards to the next support line at 0.001650000 will continue.
Caution: A possible change in the direction of the resistance zone at 0.002289000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three Outside Down’ candle pattern is discovered. The candles form ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002794000 |
| 2nd High | 0.002593000 |
| Next High | 0.002289000 |
| Current Price | 0.002117000 |
| Next Low | 0.001650000 |
| 2nd Low | 0.001514000 |
| 3rd Low | 0.001468000 |
0.002034000 – 0.001848000 – 0.002289000 – 0.001650000 – 0.001651000 – 0.001900000 — 64.66758230938 – 62.309828847635
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Outside Down – – –