BOME/USDT – 1H – SELL

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

A bearish descent downwards to the next support at 0.006178000 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 0.006643000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.00649314 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 0.006643000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Two Crows’ candle pattern is existing. The candles form ‘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 success rate of a ‘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