The combination BOOK OF MEME/Tether (BOME/USDT) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 0.001704000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.002490000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three Black Crows’ candlestick chart pattern is existing. The candles show ‘Three Black Crows’. which is a negative 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 | 0.002593000 |
| 2nd High | 0.002551000 |
| Next High | 0.002490000 |
| Current Price | 0.002026000 |
| Next Low | 0.001704000 |
| 2nd Low | 0.001703000 |
| 3rd Low | 0.001699000 |
0.002490000 – 0.002289000 – 0.002551000 – 0.002114000 – 0.002145000 – 0.002194000 — 31.497935802904 – 30.637067937295
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Black Crows – – –