The currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the descending trendline down.
A continuation of the bearish trend down to the next support at 0.00056 will persist.
Caution: A possible change in the direction of the resistance line at 0.00059 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
Moreover a ‘Three Outside Down’ candle pattern is found. The candles form ‘Three Outside Down’. this is a bearish pattern signal. 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 | 0.00067 |
| 2nd High | 0.00064 |
| Next High | 0.00059 |
| Current Price | 0.000571000 |
| Next Low | 0.00056 |
| 2nd Low | 0.00054 |
| 3rd Low | 0.00052 |
0.00059 – 0.00064 – 0.00061 – 0.00056 – 0.00057 – 0.0006 —
0.000594000 – 0.000584000 —
53.608911536238 – 47.591484545959 —
– —
0.00059 – 1768978800
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Outside Down – Double top chart pattern – –