BOME/USDT – 30M – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 0.001918000 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 0.001964000 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.
Moreover a ‘Matching Low’ candlestick chart pattern is existing. The candles form ‘Matching Low’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001975000 |
| 2nd High | 0.001969000 |
| Next High | 0.001964000 |
| Current Price | 0.001957000 |
| Next Low | 0.001918000 |
| 2nd Low | 0.001867000 |
| 3rd Low | 0.001834000 |
0.001964000 – 0.001905000 – 0.001943000 – 0.001918000 – 0.001921000 – 0.001867000 — 57.244366332734 – 56.672340685952
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Matching Low – Double bottom retreat down – –