BOME/USDT – 1H – SELLThe combination BOOK OF MEME/Tether (BOME/USDT) goes from the ascending trendline downwards
A bearish movement downwards to the next support level at 0.001932000 will continue.
Caution: A possible change in the direction of the resistance zone at 0.002074000 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.001909 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.002074000 could happen.
Consider stop-loss settings accordingly.
Additionally a ‘Matching Low’ candlestick chart pattern is detected. The chart shows ‘Matching Low’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002794000 |
| 2nd High | 0.002400000 |
| Next High | 0.002074000 |
| Current Price | 0.001978000 |
| Next Low | 0.001932000 |
| 2nd Low | 0.001780000 |
| 3rd Low | 0.001744000 |
0.002074000 – 0.001880000 – 0.001851000 – 0.001932000 – 0.001780000 – 0.001744000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Matching Low