Also there is a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the ascending trendline downwards
The bearish trend downwards to the next support at 0.002207000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.002339000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.00216 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.002339000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002551000 |
| 2nd High | 0.002490000 |
| Next High | 0.002339000 |
| Current Price | 0.002232000 |
| Next Low | 0.002207000 |
| 2nd Low | 0.002052000 |
| 3rd Low | 0.001981000 |
0.002339000 – 0.002323000 – 0.002123000 – 0.002207000 – 0.002242000 – 0.002052000 — 46.163544402203 – 40.556075000722
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – – Rising Wedge Chart Pattern – –