BOME/USDT – 30M – SELL

The pair BOOK OF MEME/Tether (BOME/USDT) moves from the bearish trendline downwards

A continuation of the bearish trend down to the next support level at 0.001944000 will persist.

Caution: A possible counter-trend in the direction of resistance at 0.002116000 could occur.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.

Then a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 0.001980808 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 0.002116000 could occur.
Consider stop-loss settings accordingly.

Then a ‘Matching Low’ candle chart pattern is found. The candles show ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.002116000 – 0.002108000 – 0.002044000 – 0.002011000 – 0.001944000 – 0.001969000 — 34.272056566548 – 33.970119954341

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Matching Low – Double top chart pattern – –