Also there is a ‘Double top chart pattern’ chart formation is found. The chart shows ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The pair BOOK OF MEME/Tether (BOME/USDT) moves from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 0.001900000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.001966000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘RSI fall below 30’ indicator signal is existing. The indicator is ‘RSI fall below 30’. which could be a negative signal. The currency pair is likely to fall.
Also there is a ‘Three Black Crows’ chart pattern is existing. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002289000 |
| 2nd High | 0.002092000 |
| Next High | 0.001966000 |
| Current Price | 0.001898000 |
| Next Low | 0.001900000 |
| 2nd Low | 0.001717000 |
| 3rd Low | 0.001704000 |
0.001966000 – 0.002092000 – 0.002289000 – 0.001900000 – 0.001947000 – 0.002069000 — 37.457549096139 – 32.967936810094
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Black Crows – Double top chart pattern –