BOME/USDT – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.
The pair BOOK OF MEME/Tether (BOME/USDT) goes from the bullish trendline downwards
The bearish trend downwards to the next support level at 0.002096000 will persist.
Caution: A possible trend reversal in the direction of resistance at 0.002410000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002490000 |
| 2nd High | 0.002414000 |
| Next High | 0.002410000 |
| Current Price | 0.002287000 |
| Next Low | 0.002096000 |
| 2nd Low | 0.002078000 |
| 3rd Low | 0.001717000 |
0.002410000 – 0.002369000 – 0.002414000 – 0.002096000 – 0.002201000 – 0.002233000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern