BOME/USDT – 1H – SELL

The pair BOOK OF MEME/Tether (BOME/USDT) jumps from the ascending trendline down.

A descent down to the next support level at 0.00056 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.00062 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair could go down.

There is also a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.00057416 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.00062 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three Black Crows’ candlestick pattern is discovered. The chart forms ‘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 chance of ‘Three Black Crows’ heading down is 82%.

0.00062 – 0.00059 – 0.0006 – 0.00056 – 0.00056 – 0.00058 —
0.000595000 – 0.000598000 —
49.48392187693 – 49.866397211129 —
– —
0.00062 – 1769601600

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –