There is also a ‘Double top chart pattern’ chart formation is found. The chart forms ‘Double top chart pattern’. which is a bearish signal. The currency pair is likely to fall.
The currency pair BOOK OF MEME/Tether (BOME/USDT) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 0.001779000 will continue.
Caution: A possible change in the direction of the resistance level at 0.002250000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.
There is also a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002593000 |
| 2nd High | 0.002289000 |
| Next High | 0.002250000 |
| Current Price | 0.001776000 |
| Next Low | 0.001779000 |
| 2nd Low | 0.001650000 |
| 3rd Low | 0.001514000 |
0.002250000 – 0.002034000 – 0.001848000 – 0.001779000 – 0.001650000 – 0.001651000 — 35.910452688117 – 35.01075821245
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Black Crows – Double top chart pattern – –