Moreover a ‘Double top chart pattern’ chart layout is discovered. The chart picture shows ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the descending trendline down.
A continuation of the downtrend down to the next support at 0.001691000 will persist.
Caution: A possible trend reversal in the direction of resistance at 0.001815000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.
Moreover a ‘Three Inside Down’ candle pattern is detected. The candles show ‘Three Inside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001901000 |
| 2nd High | 0.001838000 |
| Next High | 0.001815000 |
| Current Price | 0.001739000 |
| Next Low | 0.001691000 |
| 2nd Low | 0.001650000 |
| 3rd Low | 0.001578000 |
0.001815000 – 0.001838000 – 0.001901000 – 0.001744000 – 0.001756000 – 0.001851000 — 45.231414897631 – 44.575101478134
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Inside Down – Double top chart pattern – –