BOME/USDT – 4H – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support level at 0.00079 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.00099 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three Outside Down’ candle pattern is existing. The candles show ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00103 |
| 2nd High | 0.001 |
| Next High | 0.00099 |
| Current Price | 0.000791000 |
| Next Low | 0.00079 |
| 2nd Low | 0.00077 |
| 3rd Low | 0.00037 |
0.00099 – 0.001 – 0.00103 – 0.00079 – 0.00077 – 0.00091 — 46.500318551894 – 44.236981739384 — 95.111235744999 – 85.169607857008 – 97.539769692947 – 93.011626756309
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Outside Down – – –