BOME/USDT – 30M – SELLThe pair BOOK OF MEME/Tether (BOME/USDT) goes from the ascending trendline downwards
The bearish trend down to the next support at 0.002078000 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 0.002355000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three Inside Down’ candle chart pattern is existing. The candles form ‘Three Inside 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 likelyhood of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002794000 |
| 2nd High | 0.002400000 |
| Next High | 0.002355000 |
| Current Price | 0.002396000 |
| Next Low | 0.002078000 |
| 2nd Low | 0.001717000 |
| 3rd Low | 0.001704000 |
0.002355000 – 0.002034000 – 0.001767000 – 0.002078000 – 0.001717000 – 0.001704000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Three Inside Down –