BOME/USDT – 1H – SELL

The currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the descending trendline downwards

A continuation of the bearish trend downwards to the next support level at 0.006083000 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 0.006511000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 0.006049 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 0.006511000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Two Crows’ chart pattern is discovered. The chart shows ‘Two Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

Download BOME/USDT Signal Image

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Two Crows