BOME/USDT – 30M – SELL

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

A descent down to the next support level at 0.006520000 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 0.007099000 should always be considered.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.0068095 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.007099000 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Down’ candle pattern is found. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

Download BOME/USDT Signal Image

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Outside Down