BOME/USDT – 1H – SELL

The pair BOOK OF MEME/Tether (BOME/USDT) moves from the descending trendline down.

A continuation of the downtrend downwards to the next support level at 0.001514000 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 0.001608000 is also possible.
Consider stop-loss settings accordingly.

Besides a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Besides a ‘Two Crows’ candlestick pattern is discovered. The candles show ‘Two 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 success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.001608000 – 0.001638000 – 0.001561000 – 0.001514000 – 0.001468000 – 0.001486000

Trading Signals: FOREX – BOME – BOME/USDT – USDT – Two Crows – Rising Wedge Chart Pattern