Moreover a ‘Triple top chart pattern’ chart formation is existing. The chart picture forms ‘Triple top chart pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
The combination BOOK OF MEME/Tether (BOME/USDT) moves from the bearish trendline down.
A continuation of the downward movement down to the next support level at 0.002096000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.002358000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three Outside Down’ candlestick pattern is detected. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002794000 |
| 2nd High | 0.002593000 |
| Next High | 0.002358000 |
| Current Price | 0.002098000 |
| Next Low | 0.002096000 |
| 2nd Low | 0.002078000 |
| 3rd Low | 0.001717000 |
0.002358000 – 0.002329000 – 0.002593000 – 0.002220000 – 0.002191000 – 0.002316000
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Outside Down – Triple top chart pattern –