BOME/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at 0.001969000 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 0.002082000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair is likely to fall.

Moreover a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘Three Black Crows’ candle pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

0.002082000 – 0.002029000 – 0.002032000 – 0.001969000 – 0.001950000 – 0.001954000 — 49.566259817795 – 46.153917771038

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –