Next a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
The combination BOOK OF MEME/Tether (BOME/USDT) jumps from the bullish trendline down.
A bearish descent downwards to the next support line at 0.001635000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.002074000 could occur.
Consider stop-loss settings accordingly.
Next a ‘Three Black Crows’ candlestick chart pattern is detected. The chart forms ‘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’ going down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.002794000 |
2nd High | 0.002400000 |
Next High | 0.002074000 |
Current Price | 0.001621000 |
Next Low | 0.001635000 |
2nd Low | 0.001304000 |
3rd Low | 0.001094000 |
0.002074000 – 0.002047000 – 0.002400000 – 0.001635000 – 0.001671000 – 0.002210000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Three Black Crows