BOME/USDT – 30M – SELLThe combination BOOK OF MEME/Tether (BOME/USDT) goes from the bearish trendline down.
A continuation of the downtrend down to the next support at 0.001956000 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.002060000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.002003 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.002060000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three Black Crows’ candlestick pattern is discovered. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002400000 |
| 2nd High | 0.002074000 |
| Next High | 0.002060000 |
| Current Price | 0.002028000 |
| Next Low | 0.001956000 |
| 2nd Low | 0.001932000 |
| 3rd Low | 0.001780000 |
0.002060000 – 0.002074000 – 0.002001000 – 0.001956000 – 0.001990000 – 0.001932000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Three Black Crows