The pair BOOK OF MEME/Tether (BOME/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 0.00041 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.00045 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.
Additionally a ‘Bearish Separating Lines’ candle pattern is discovered. The chart forms ‘Bearish Separating Lines’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Separating Lines’ going down is 63% (Bull Market) & 76% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00049 |
| 2nd High | 0.00048 |
| Next High | 0.00045 |
| Current Price | 0.000429000 |
| Next Low | 0.00041 |
| 2nd Low | 0.00034 |
| 3rd Low |
0.00045 – 0.00048 – 0.00049 – 0.00041 – 0.00042 – 0.00034 —
0.000422000 – 0.000431000 —
48.286178585849 – 63.926195362345 —
– —
0.00045 – 1770399000
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bearish Separating Lines – – –