Next a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.
The combination BOOK OF MEME/Tether (BOME/USDT) moves from the ascending trendline downwards
A descending movement downwards to the next support line at 0.00047 will continue.
Caution: A possible change in the direction of the resistance zone at 0.00051 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Matching Low’ chart pattern is detected. The chart shows ‘Matching Low’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00062 |
| 2nd High | 0.00057 |
| Next High | 0.00051 |
| Current Price | 0.000471000 |
| Next Low | 0.00047 |
| 2nd Low | 0.00045 |
| 3rd Low | 0.00043 |
0.00051 – 0.0005 – 0.00049 – 0.00047 – 0.00045 – 0.00043 —
0.000502000 – 0.000492000 —
61.873811049511 – 48.297627379785 —
– —
0.00051 – 1770109200
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –