Next a ‘Double top chart pattern’ chart pattern is discovered. The chart forms ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to go down.
The pair BOOK OF MEME/Tether (BOME/USDT) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support at will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.001995000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.
Next a ‘Three Outside Down’ candle chart pattern is discovered. The candles form ‘Three Outside Down’. which is a negative signal. 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’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002116000 |
| 2nd High | 0.002038000 |
| Next High | 0.001995000 |
| Current Price | 0.001949000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.001995000 – 0.001981000 – 0.001991000 – 0.001949000 – 0.001946000 – 0.001941000 — 43.554785271275 – 41.557726213989
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Outside Down – Double top chart pattern – –