BOME/USDT – 1H – SELLThe combination BOOK OF MEME/Tether (BOME/USDT) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 0.008724000 is expected.
Caution: A possible change in the direction of the resistance line at 0.010079000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Bearish Engulfing’ candle pattern is found. The chart forms ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.010127000 |
| 2nd High | 0.010105000 |
| Next High | 0.010079000 |
| Current Price | 0.009168000 |
| Next Low | 0.008724000 |
| 2nd Low | 0.008714000 |
| 3rd Low | 0.008311000 |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bearish Engulfing