Sell BOME/USDT – 1H – SELL

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

A descent down to the next support level at 0.006163000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.006549000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ candlestick pattern is existing. The candles form ‘Three Black 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 ‘Three Black Crows’ going down is 82%.

Support & Resistance Price Range*
3rd High 0.006881000
2nd High 0.006750000
Next High 0.006549000
Current Price 0.006342000
Next Low 0.006163000
2nd Low 0.006049000
3rd Low 0.006003000

Download BOME/USDT Signal Image

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