BOME/USDT – 30M – SELL

The pair BOOK OF MEME/Tether (BOME/USDT) goes from the bearish trendline downwards

A continuation of the downward movement down to the next support level at 0.001947000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.002092000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.001947 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 0.002092000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Outside Down’ candle pattern is detected. The chart shows ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.002092000 – 0.002289000 – 0.002248000 – 0.001947000 – 0.002069000 – 0.002049000 — 42.433040253621 – 40.431840258446

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Outside Down – –