BOME/USDT – 1H – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

The currency pair BOOK OF MEME/Tether (BOME/USDT) jumps from the ascending trendline downwards

A descent down to the next support at 0.002078000 is considered certain.

Caution: A possible change in the direction of resistance at 0.002490000 should always be considered.
Consider stop-loss settings accordingly.

There is also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke 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 change in the direction of the support zone at 0.002490000 should always be considered.
Consider stop-loss settings accordingly.

There is also a ‘Southern Doji’ chart pattern is discovered. The candles form ‘Southern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ going 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