The currency pair BOOK OF MEME/Tether (BOME/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support line at 0.00042 is certain.
Caution: A possible change in the direction of the resistance level at 0.000455000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Two Crows’ candle chart pattern is found. The chart forms ‘Two Crows’. which is a negative 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00048 |
| 2nd High | 0.00047 |
| Next High | 0.000455000 |
| Current Price | 0.000432000 |
| Next Low | 0.00042 |
| 2nd Low | 0.0004 |
| 3rd Low | 0.00039 |
0.000455000 – 0.00047 – 0.00048 – 0.00042 – 0.00044 – 0.00045 —
0.000455000 – 0.000437000 —
58.208431509535 – 42.018815052141 —
0.000455000 – 1781830800 —
– 1781830800
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Two Crows – – –