The pair BOOK OF MEME/Tether (BOME/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 0.001329000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.001393000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. 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 | 0.001576000 |
2nd High | 0.001492000 |
Next High | 0.001393000 |
Current Price | 0.001337000 |
Next Low | 0.001329000 |
2nd Low | 0.001316000 |
3rd Low | 0.001304000 |
0.001393000 – 0.001492000 – 0.001576000 – 0.001329000 – 0.001316000 – 0.001470000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Three Black Crows