BOME/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support at 0.001939000 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 0.002117000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.

Furthermore a ‘Three Inside Down’ candle chart pattern is detected. The candles form ‘Three Inside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

0.002117000 – 0.002116000 – 0.002358000 – 0.001939000 – 0.001900000 – 0.002191000 — 51.57810253509 – 48.381572597735

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Inside Down – Double bottom retreat down –