BOME/USDT – 30M – SELLThe pair BOOK OF MEME/Tether (BOME/USDT) moves from the bullish trendline down.
A bearish descent down to the next support line at 0.005755000 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.006922000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bearish Engulfing’ candle pattern is existing. The candles show ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.008282000 |
| 2nd High | 0.007202000 |
| Next High | 0.006922000 |
| Current Price | 0.005823000 |
| Next Low | 0.005755000 |
| 2nd Low | |
| 3rd Low |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bearish Engulfing