BOME/USDT – 1H – SELLThe combination BOOK OF MEME/Tether (BOME/USDT) goes from the descending trendline downwards
A continuation of the downtrend down to the next support level at 0.001761000 will continue.
Caution: A possible change in the direction of the resistance line at 0.001954000 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Black Crows’ candlestick chart pattern is found. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002250000 |
| 2nd High | 0.002194000 |
| Next High | 0.001954000 |
| Current Price | 0.001796000 |
| Next Low | 0.001761000 |
| 2nd Low | 0.001650000 |
| 3rd Low | 0.001514000 |
0.001954000 – 0.002194000 – 0.002250000 – 0.001761000 – 0.001825000 – 0.002097000 — 36.792283133421 – 31.168888570367
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –