There is also a ‘Symmetrical Triangle Chart Pattern’ chart pattern is detected. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a negative signal. The pair is likely to go down.
The currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the descending trendline down.
A continuation of the bearish trend down to the next support level at is considered certain.
Caution: A possible change in the direction of the resistance line at 0.001991000 should always be considered.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.
There is also a ‘Matching Low’ candlestick pattern is found. The candles show ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002116000 |
| 2nd High | 0.002038000 |
| Next High | 0.001991000 |
| Current Price | 0.001955000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.001991000 – 0.001978000 – 0.002038000 – 0.001946000 – 0.001941000 – 0.001905000 — 44.272543357937 – 43.112200517562
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –