BOME/USDT – 1H – SELLThe pair BOOK OF MEME/Tether (BOME/USDT) jumps from the ascending trendline down.
A bearish trend downwards to the next support at 0.001370000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.001661000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
There is also a ‘Matching Low’ candlestick chart pattern is detected. The chart forms ‘Matching Low’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002063000 |
| 2nd High | 0.001715000 |
| Next High | 0.001661000 |
| Current Price | 0.001571000 |
| Next Low | 0.001370000 |
| 2nd Low | 0.001226000 |
| 3rd Low |
0.001661000 – 0.001567000 – 0.001517000 – 0.001370000 – 0.001226000 – 0.001316000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Matching Low –