BOME/USDT – 30M – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.

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

A bearish trend downwards to the next support line at 0.001909000 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.002018000 is also possible.
Consider stop-loss settings accordingly.

Also there is a ‘Three Outside Down’ chart pattern is found. The candles form ‘Three Outside Down’. 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 ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.002018000 – 0.001735000 – 0.001620000 – 0.001909000 – 0.001578000 – 0.001552000

Trading Signals: FOREX – BOME – BOME/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern