BOME/USDT – 4H – SELL

The pair BOOK OF MEME/Tether (BOME/USDT) goes from the bearish trendline down.

A continuation of the downtrend downwards to the next support at 0.001704000 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.002289000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Then a ‘Last Engulfing Top’ candlestick pattern is detected. The candles form ‘Last Engulfing Top’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

0.001954000 – 0.002250000 – 0.002034000 – 0.001704000 – 0.001699000 – 0.001761000 — 57.315798360685 – 54.551844579967

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Last Engulfing Top – – –