The pair BOOK OF MEME/Tether (BOME/USDT) jumps from the bullish trendline down.
A bearish movement downwards to the next support level at will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.006922000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Concealing Baby Swallow’ candlestick chart pattern is existing. The chart forms ‘Concealing Baby Swallow’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Concealing Baby Swallow’ heading down is 75% (Bull Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.008282000 |
2nd High | 0.007202000 |
Next High | 0.006922000 |
Current Price | 0.005825000 |
Next Low | |
2nd Low | |
3rd Low |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Concealing Baby Swallow