BOME/USDT – 1H – SELL

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

A continuation of the bearish trend down to the next support line at 0.001704000 is expected.

Caution: A possible trend reversal in the direction of resistance at 0.002358000 could occur.
Consider stop-loss settings accordingly.

And also a ‘RSI fall below 30’ indicator signal is existing. The indicator is ‘RSI fall below 30’. which could be a negative chart signal. The pair is likely to go down.

And also a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

0.002358000 – 0.002593000 – 0.002410000 – 0.002191000 – 0.002243000 – 0.002096000

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Black Crows – –