The pair BOOK OF MEME/Tether (BOME/USDT) moves from the bullish trendline downwards
A bearish descent down to the next support line at 0.006178000 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 0.006922000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Shooting Star’ candlestick pattern is found. The chart forms ‘Shooting Star’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.008282000 |
2nd High | 0.007202000 |
Next High | 0.006922000 |
Current Price | 0.006373000 |
Next Low | 0.006178000 |
2nd Low | 0.006008000 |
3rd Low | 0.006003000 |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Shooting Star