BOME/USDT – 1H – SELLThe combination BOOK OF MEME/Tether (BOME/USDT) goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 0.001699000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.001815000 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Matching Low’ candlestick chart pattern is existing. The chart shows ‘Matching Low’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001954000 |
| 2nd High | 0.001838000 |
| Next High | 0.001815000 |
| Current Price | 0.001743000 |
| Next Low | 0.001699000 |
| 2nd Low | 0.001650000 |
| 3rd Low | 0.001514000 |
0.001815000 – 0.001838000 – 0.001954000 – 0.001699000 – 0.001756000 – 0.001761000 — 45.261217815989 – 44.94141514366
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Matching Low – – –