Furthermore a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the bullish trendline downwards
A descending movement down to the next support at 0.00074 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.000781000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair is likely to fall.
Furthermore a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.
Furthermore a ‘Three Black Crows’ candle pattern is discovered. The chart shows ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.000781000 |
| Current Price | 0.000745000 |
| Next Low | 0.00074 |
| 2nd Low | 0.00071 |
| 3rd Low | 0.00068 |
0.000781000 – 0.00078 – 0.00077 – 0.00074 – 0.00074 – 0.00075 — 43.280830945289 – 40.784011176583 — 17.409757872186 – 8.6368352264306 – 22.448585454366 – 16.554607884088
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –