BOME/USDT – 1H – SELL

The pair BOOK OF MEME/Tether (BOME/USDT) goes from the descending trendline down.

A continuation of the bearish trend down to the next support line at 0.0004 will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.00044 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Moreover a ‘Matching Low’ chart pattern is existing. The chart forms ‘Matching Low’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.00044 – 0.00045 – 0.00045 – 0.00043 – 0.00043 – 0.0004 —
0.000435000 – 0.000429000 —
41.897866326092 – 42.631886666259 —
– —
0.00044 – 1781352000

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –