BOME/USDT – 1H – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.

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

A bearish movement down to the next support level at 0.002078000 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 0.002490000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.002092 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.002490000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Southern Doji’ candle pattern is discovered. The candles show ‘Southern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.002490000 – 0.002473000 – 0.002355000 – 0.002078000 – 0.001704000 – 0.001778000

Trading Signals: FOREX – BOME – BOME/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern