BOME/USDT – 1H – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the bullish trendline down.
The bearish trend downwards to the next support at 0.009296000 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.010106000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles form ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. 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 | 0.010537000 |
| 2nd High | 0.010529000 |
| Next High | 0.010106000 |
| Current Price | 0.010574000 |
| Next Low | 0.009296000 |
| 2nd Low | 0.008500000 |
| 3rd Low | 0.008155000 |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bearish Engulfing