BOME/USDT – 4H – SELL

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

A bearish trend downwards to the next support line at 0.001779000 is certain.

Caution: A possible change in the direction of the resistance zone at 0.002289000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Outside Down’ candlestick chart pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.002034000 – 0.001848000 – 0.002289000 – 0.001779000 – 0.001650000 – 0.001651000 — 60.773351286113 – 55.931006568349

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Outside Down – Triple bottom chart pattern – –