BOME/USDT – 4H – SELL

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

A continuation of the bearish trend down to the next support level at 0.008500000 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.011167000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 0.00920284 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 0.011167000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Bearish Engulfing’ chart pattern is existing. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

Download BOME/USDT Signal Image

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bearish Engulfing