BOME/USDT – 1H – SELLNext a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The combination BOOK OF MEME/Tether (BOME/USDT) jumps from the bullish trendline down.
A bearish trend downwards to the next support level at 0.00074 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.00078 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.
Next a ‘Matching Low’ candle pattern is discovered. The candles form ‘Matching Low’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00085 |
| 2nd High | 0.00083 |
| Next High | 0.00078 |
| Current Price | 0.000766000 |
| Next Low | 0.00074 |
| 2nd Low | 0.00071 |
| 3rd Low | 0.00067 |
0.00078 – 0.00077 – 0.00076 – 0.00074 – 0.00071 – 0.00071 — 57.020544262224 – 57.020544262224 — 48.680098410799 – 67.142316367115 – 27.04302100318 – 48.089854434287
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –