BOME/USDT – 4H – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the descending trendline downwards
A continuation of the downward movement down to the next support level at 0.00037 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.00083 should always be considered.
Consider stop-loss settings accordingly.
Then a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair is likely to fall.
Then a ‘Three Black Crows’ chart pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001 |
| 2nd High | 0.00099 |
| Next High | 0.00083 |
| Current Price | 0.000673000 |
| Next Low | 0.00037 |
| 2nd Low | |
| 3rd Low |
0.00083 – 0.00099 – 0.001 – 0.00075 – 0.00079 – 0.00077 — 33.684233621877 – 32.09701843428 — 30.426349218423 – 27.603037563864 – 25.637157333807 – 28.825585178987
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Black Crows – – –