BOME/USDT – 1H – SELLThe combination BOOK OF MEME/Tether (BOME/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support line at 0.001483000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.001715000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.
In addition a ‘Two Crows’ candle chart pattern is found. The chart forms ‘Two Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002074000 |
| 2nd High | 0.002063000 |
| Next High | 0.001715000 |
| Current Price | 0.001538000 |
| Next Low | 0.001483000 |
| 2nd Low | 0.001329000 |
| 3rd Low | 0.001304000 |
0.001715000 – 0.001633000 – 0.001665000 – 0.001483000 – 0.001561000 – 0.001572000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Two Crows