BOME/USDT – 4H – SELL

The currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the bearish trendline downwards

A continuation of the bearish trend down to the next support at 0.001304000 is considered certain.

Caution: A possible change in the direction of the resistance zone at 0.002074000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.001635 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.002074000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Matching Low’ candle pattern is detected. The candles show ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.002074000 – 0.002047000 – 0.002400000 – 0.001635000 – 0.001671000 – 0.002210000

Trading Signals: FOREX – BOME – BOME/USDT – USDT – Matching Low