BOME/USDT – 30M – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) jumps from the ascending trendline down.
A bearish movement down to the next support at is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.006922000 should be noted.
Consider stop-loss settings accordingly.
Next a ‘Bearish Belt Hold’ candle pattern is existing. The chart shows ‘Bearish Belt Hold’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.008282000 |
| 2nd High | 0.007202000 |
| Next High | 0.006922000 |
| Current Price | 0.005870000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bearish Belt Hold