Additionally a ‘Symmetrical Triangle Chart Pattern’ chart pattern is existing. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The pair BOOK OF MEME/Tether (BOME/USDT) moves from the bullish trendline downwards
A descending movement downwards to the next support level at is certain.
Caution: A possible trend reversal in the direction of resistance at 0.00074 could happen.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair could go down.
Additionally a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair could go down.
Additionally a ‘Two Crows’ candle pattern is detected. The candles form ‘Two Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00077 |
| 2nd High | 0.00075 |
| Next High | 0.00074 |
| Current Price | 0.000704000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.00074 – 0.00075 – 0.00073 – 0.0007 – 0.0007 – 0.00064 — 44.62237757438 – 41.860806038389 — 75.850544194226 – 68.675578931989 – 75.079486764175 – 77.000662306706
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –