BOME/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support level at 0.001650000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.001848000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.

There is also a ‘StochRSI fall below 80’ indicator layout is found. The indicator is ‘StochRSI fall below 80’. which is often a bearish chart signal. The currency pair is likely to fall.

There is also a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

There is also a ‘Three Outside Down’ candle pattern is found. The candles form ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.001848000 – 0.001824000 – 0.001799000 – 0.001650000 – 0.001768000 – 0.001651000 — 57.87326625349 – 56.922072195944

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Outside Down – Double bottom retreat down – –