BOME/USDT – 4H – SELLThe combination BOOK OF MEME/Tether (BOME/USDT) moves from the descending trendline downwards
A continuation of the downward movement down to the next support line at is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.002116000 could be enabled.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.
Additionally a ‘Tweezers Top’ chart pattern is detected. The chart shows ‘Tweezers Top’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002593000 |
| 2nd High | 0.002551000 |
| Next High | 0.002116000 |
| Current Price | 0.001964000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.002116000 – 0.002551000 – 0.001954000 – 0.001931000 – 0.001704000 – 0.001699000 — 47.942670951536 – 45.915082153509
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Tweezers Top – Double top chart pattern – –