In addition a ‘Double top chart pattern’ chart formation is existing. The chart shows ‘Double top chart pattern’. which is a bearish 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 downtrend down to the next support level at 0.001900000 will persist.
Caution: A possible trend reversal in the direction of resistance at 0.001966000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘RSI fall below 30’ indicator layout is detected. The indicator is ‘RSI fall below 30’. which is often a bearish signal. The currency pair is likely to fall.
In addition a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. 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 –