BOME/USDT – 1H – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 0.00075 will continue.
Caution: A possible change in the direction of the resistance zone at 0.00082 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘%K crosses below %D’ indicator signal is discovered. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair is likely to fall.
Then a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.
Then a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00092 |
| 2nd High | 0.00085 |
| Next High | 0.00082 |
| Current Price | 0.000791000 |
| Next Low | 0.00075 |
| 2nd Low | 0.00037 |
| 3rd Low |
0.00082 – 0.00085 – 0.00092 – 0.00075 – 0.00076 – 0.0008 — 57.794288209119 – 52.740240696858 — 90.995472731101 – 83.112373669439 – 87.285481153927 – 87.269296171556
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – Double bottom retreat down – –