BOME/USDT – 30M – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the descending trendline downwards
A continuation of the downtrend down to the next support at 0.001529000 is expected.
Caution: A possible change in the direction of the resistance line at 0.001580000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 0.00150438 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support zone at 0.001580000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Outside Down’ chart pattern is discovered. The chart forms ‘Three Outside Down’. 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 likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001638000 |
| 2nd High | 0.001620000 |
| Next High | 0.001580000 |
| Current Price | 0.001536000 |
| Next Low | 0.001529000 |
| 2nd Low | 0.001488000 |
| 3rd Low | 0.001468000 |
0.001580000 – 0.001620000 – 0.001638000 – 0.001529000 – 0.001579000 – 0.001488000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Three Outside Down –