BOME/USDT – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart layout is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

The currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the ascending trendline downwards

A bearish movement downwards to the next support level at 0.001853000 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.002031000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair is likely to fall.

Next a ‘StochRSI fall below 80’ indicator layout is detected. The indicator shows ‘StochRSI fall below 80’. this is usually a bearish signal. The currency pair is likely to fall.

Next a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.001895716 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 0.002031000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Falling Window’ candlestick pattern is discovered. The candles show ‘Falling Window’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Falling Window’ heading down is 67% (Bull Market) and 73% (Bear Market).

0.002031000 – 0.002025000 – 0.002034000 – 0.001853000 – 0.001884000 – 0.001885000 — 47.12616509674 – 42.218021109454

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Falling Window – Rising Wedge Chart Pattern – –