BOME/USDT – 1H – SELL

The currency pair BOOK OF MEME/Tether (BOME/USDT) jumps from the descending trendline down.

A continuation of the bearish trend down to the next support line at 0.001725000 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.001889000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Outside Down’ candlestick chart pattern is found. The candles form ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.001889000 – 0.001815000 – 0.001838000 – 0.001725000 – 0.001699000 – 0.001756000 — 61.654504894656 – 59.922162861354

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Outside Down – – –