BOME/USDT – 1H – SELLThe combination BOOK OF MEME/Tether (BOME/USDT) jumps from the bullish trendline down.
A bearish descent downwards to the next support line at 0.002078000 is certain.
Caution: A possible counter-trend in the direction of resistance at 0.002473000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
Next a ‘Last Engulfing Top’ candlestick chart pattern is existing. The candles form ‘Last Engulfing Top’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002818000 |
| 2nd High | 0.002794000 |
| Next High | 0.002473000 |
| Current Price | 0.002389000 |
| Next Low | 0.002078000 |
| 2nd Low | 0.001704000 |
| 3rd Low | 0.001694000 |
0.002473000 – 0.002355000 – 0.002034000 – 0.002078000 – 0.001704000 – 0.001778000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Last Engulfing Top – Triple bottom chart pattern