BOME/USDT – 1H – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the descending trendline down.
A continuation of the downtrend downwards to the next support line at 0.001690000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.001799000 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Northern Doji’ candle pattern is existing. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002092000 |
| 2nd High | 0.001978000 |
| Next High | 0.001799000 |
| Current Price | 0.001741000 |
| Next Low | 0.001690000 |
| 2nd Low | 0.001514000 |
| 3rd Low | 0.001468000 |
0.001799000 – 0.001978000 – 0.002092000 – 0.001690000 – 0.001801000 – 0.001900000 — 43.163582234065 – 42.215087236713
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – –