BOME/USDT – 1H – SELLThe combination BOOK OF MEME/Tether (BOME/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 0.008155000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.009323000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bearish Engulfing’ candle pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.010079000 |
| 2nd High | 0.009764000 |
| Next High | 0.009323000 |
| Current Price | 0.009047000 |
| Next Low | 0.008155000 |
| 2nd Low | 0.006731000 |
| 3rd Low | 0.005957000 |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bearish Engulfing