There is also a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.
The pair BOOK OF MEME/Tether (BOME/USDT) goes from the ascending trendline down.
A bearish trend downwards to the next support level at 0.002145000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.002551000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair could go down.
There is also a ‘Three Outside Down’ candlestick chart pattern is detected. The chart forms ‘Three Outside Down’. which is a bearish 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 Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002794000 |
| 2nd High | 0.002593000 |
| Next High | 0.002551000 |
| Current Price | 0.002163000 |
| Next Low | 0.002145000 |
| 2nd Low | 0.001704000 |
| 3rd Low | 0.001703000 |
0.002551000 – 0.002370000 – 0.002461000 – 0.002145000 – 0.002194000 – 0.001704000 — 41.463814812487 – 37.902174137055
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –