BOME/USDT – 30M – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the ascending trendline downwards
A descending movement downwards to the next support line at 0.001932000 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 0.002074000 could occur.
Consider stop-loss settings accordingly.
There is also a ‘Two Crows’ candlestick pattern is found. The chart forms ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going 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 | 0.002020000 |
| 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