BOME/USDT – 30M – SELLThe combination BOOK OF MEME/Tether (BOME/USDT) moves from the ascending trendline down.
A bearish descent down to the next support line at 0.001932000 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 0.002074000 could happen.
Consider stop-loss settings accordingly.
Next a ‘Two Crows’ chart pattern is existing. The candles form ‘Two Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002794000 |
| 2nd High | 0.002400000 |
| Next High | 0.002074000 |
| Current Price | 0.001998000 |
| Next Low | 0.001932000 |
| 2nd Low | 0.001780000 |
| 3rd Low | 0.001744000 |
0.002074000 – 0.002001000 – 0.001897000 – 0.001932000 – 0.001939000 – 0.001780000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Two Crows