BOME/USDT – 30M – SELL

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

A bearish movement downwards to the next support line at 0.002069000 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.002248000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘RSI fall below 70’ indicator layout is discovered. The indicator is ‘RSI fall below 70’. this is usually a bearish signal. The currency pair could go down.

In addition a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 0.002175076 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 0.002248000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Two Crows’ candlestick chart pattern is discovered. The chart forms ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.002248000 – 0.002220000 – 0.002106000 – 0.002069000 – 0.002049000 – 0.001982000 — 55.291612490535 – 52.912789542532

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Two Crows – –