BOME/USDT – 30M – SELLThe pair BOOK OF MEME/Tether (BOME/USDT) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 0.00052 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.00056 could occur.
Consider stop-loss settings accordingly.
Besides a ‘Bearish Belt Hold’ candlestick chart pattern is found. The chart forms ‘Bearish Belt Hold’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00062 |
| 2nd High | 0.00061 |
| Next High | 0.00056 |
| Current Price | 0.000535000 |
| Next Low | 0.00052 |
| 2nd Low | 0.00037 |
| 3rd Low |
0.00056 – 0.00061 – 0.00062 – 0.00052 – 0.00057 – 0.00058 —
0.000538000 – 0.000542000 —
44.498813872653 – 50.626532263625 —
– —
0.00056 – 1769734800
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bearish Belt Hold – – –