The currency pair BOOK OF MEME/Tether (BOME/USDT) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 0.001768000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.001848000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three Black Crows’ candle pattern is found. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001978000 |
| 2nd High | 0.001971000 |
| Next High | 0.001848000 |
| Current Price | 0.001832000 |
| Next Low | 0.001768000 |
| 2nd Low | 0.001682000 |
| 3rd Low | 0.001651000 |
0.001848000 – 0.001815000 – 0.001824000 – 0.001768000 – 0.001682000 – 0.001651000 — 61.127158440399 – 57.494862327169
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Black Crows – – –