BOME/USDT – 1H – SELLThe pair BOOK OF MEME/Tether (BOME/USDT) jumps from the ascending trendline downwards
The bearish trend downwards to the next support at 0.001932000 is certain.
Caution: A possible change in the direction of the resistance level at 0.002074000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Two Crows’ candle pattern is found. The chart shows ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability 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 | 0.001985000 |
| 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 – Two Crows