BOME/USDT – 1H – SELL

In addition a ‘Symmetrical Triangle Chart Pattern’ chart formation is existing. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

The currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the bullish trendline down.

The bearish trend down to the next support at 0.00052 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.00056 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 0.000525 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.00056 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Inside Down’ candle chart pattern is detected. The candles show ‘Three Inside Down’. which is a bearish chart scenario. 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 Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

0.00056 – 0.00057 – 0.00054 – 0.00052 – 0.00051 – 0.00048 —
0.000547000 – 0.000550000 —
50.931228415226 – 56.015413183403 —
– —
0.00056 – 1777867200

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Inside Down – Symmetrical Triangle Chart Pattern – –