BOME/USDT – 1H – SELL

The currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the descending trendline downwards

A continuation of the downtrend downwards to the next support line at 0.001989000 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.002066000 should be noted.
Consider stop-loss settings accordingly.

Also there is a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair could go down.

Also there is a ‘Matching Low’ candle pattern is detected. The candles show ‘Matching Low’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.002066000 – 0.002051000 – 0.002200000 – 0.001989000 – 0.001996000 – 0.001933000 — 23.257193018136 – 22.469359232602

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Matching Low – – –