Moreover a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.
The pair BOOK OF MEME/Tether (BOME/USDT) moves from the descending trendline down.
A continuation of the downward movement down to the next support at 0.00048 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.00055 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.
Moreover a ‘Three Black Crows’ chart pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.0009 |
| 2nd High | 0.00056 |
| Next High | 0.00055 |
| Current Price | 0.000533000 |
| Next Low | 0.00048 |
| 2nd Low | 0.00037 |
| 3rd Low | 0.00036 |
0.00055 – 0.00054 – 0.00056 – 0.00048 – 0.00049 – 0.0005 —
0.000523000 – 0.000560000 —
49.009394312528 – 55.641020495623 —
– —
0.00055 – 1777449600
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –