The combination BOOK OF MEME/Tether (BOME/USDT) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support at 0.00044 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.00046 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Three Outside Down’ candle pattern is detected. The chart forms ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00048 |
| 2nd High | 0.00047 |
| Next High | 0.00046 |
| Current Price | 0.000449000 |
| Next Low | 0.00044 |
| 2nd Low | 0.00039 |
| 3rd Low | 0.00037 |
0.00046 – 0.00047 – 0.00042 – 0.00044 – 0.00039 – 0.00039 —
0.000461000 – 0.000455000 —
61.851182683735 – 50.128085453149 —
– —
0.00046 – 1771131600
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Outside Down – – –