Then a ‘Double bottom retreat down’ chart formation is existing. The formation shows ‘Double bottom retreat down’. which is a negative pattern signal. The currency pair is likely to go down.
The combination BOOK OF MEME/Tether (BOME/USDT) goes from the bullish trendline down.
A bearish movement downwards to the next support level at 0.001918000 is likely expected.
Caution: A possible change in the direction of the resistance line at 0.001975000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
Then a ‘Three Black Crows’ chart pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001995000 |
| 2nd High | 0.001982000 |
| Next High | 0.001975000 |
| Current Price | 0.001958000 |
| Next Low | 0.001918000 |
| 2nd Low | 0.001867000 |
| 3rd Low | 0.001834000 |
0.001964000 – 0.001905000 – 0.001943000 – 0.001918000 – 0.001921000 – 0.001867000 — 61.732764969748 – 57.106647044897
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Black Crows – Double bottom retreat down – –