Then a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.
The currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the bullish trendline down.
A descent down to the next support line at 0.001949000 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 0.002101000 could happen.
Consider stop-loss settings accordingly.
Then a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.
Then a ‘Three Black Crows’ candle chart pattern is found. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002490000 |
| 2nd High | 0.002116000 |
| Next High | 0.002101000 |
| Current Price | 0.002041000 |
| Next Low | 0.001949000 |
| 2nd Low | 0.001918000 |
| 3rd Low | 0.001867000 |
0.002101000 – 0.002088000 – 0.002060000 – 0.001949000 – 0.001918000 – 0.001867000 — 54.148675040527 – 51.650535359447
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –