BOME/USDT – 1H – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 0.006786000 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.007061000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three Inside Down’ candlestick chart pattern is found. The candles form ‘Three Inside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.008282000 |
| 2nd High | 0.007099000 |
| Next High | 0.007061000 |
| Current Price | 0.006947000 |
| Next Low | 0.006786000 |
| 2nd Low | 0.006715000 |
| 3rd Low | 0.006520000 |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Inside Down