Besides a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
The currency pair BOOK OF MEME/Tether (BOME/USDT) jumps from the ascending trendline downwards
The bearish trend down to the next support level at 0.001950000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.002009000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘StochRSI fall below 80’ indicator signal is detected. The indicator is ‘StochRSI fall below 80’. which is often a bearish signal. The currency pair is likely to fall.
Besides a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.
Besides a ‘Three Outside Down’ candle pattern is discovered. The candles show ‘Three Outside Down’. 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 probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002289000 |
| 2nd High | 0.002092000 |
| Next High | 0.002009000 |
| Current Price | 0.001981000 |
| Next Low | 0.001950000 |
| 2nd Low | 0.001739000 |
| 3rd Low | 0.001691000 |
0.002009000 – 0.001786000 – 0.001808000 – 0.001950000 – 0.001739000 – 0.001691000 — 58.110877233256 – 50.177745689686
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –