BOME/USDT – 1H – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the descending trendline down.
A continuation of the downtrend down to the next support level at 0.00049 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.00054 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Matching Low’ candle chart pattern is discovered. The candles show ‘Matching Low’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00066 |
| 2nd High | 0.00056 |
| Next High | 0.00054 |
| Current Price | 0.000509000 |
| Next Low | 0.00049 |
| 2nd Low | 0.00048 |
| 3rd Low | 0.00041 |
0.00054 – 0.00053 – 0.00056 – 0.00049 – 0.0005 – 0.0005 —
0.000506000 – 0.000512000 —
45.310785313413 – 51.596002125202 —
– —
0.00054 – 1777258800
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –