Furthermore a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The combination BOOK OF MEME/Tether (BOME/USDT) goes from the ascending trendline down.
The bearish trend down to the next support line at is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.002551000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.
Furthermore a ‘Three Outside Down’ candle chart pattern is discovered. The candles show ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance 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 | 0.002187000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.002551000 – 0.002370000 – 0.002461000 – 0.002145000 – 0.002194000 – 0.001704000 — 45.407176088347 – 43.418936395458
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –