Also there is a ‘Symmetrical Triangle Chart Pattern’ chart formation is existing. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.
The currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support at is considered certain.
Caution: A possible change in the direction of the resistance level at 0.002044000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.
Also there is a ‘Matching Low’ candlestick pattern is discovered. The candles show ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002490000 |
| 2nd High | 0.002082000 |
| Next High | 0.002044000 |
| Current Price | 0.001985000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.002044000 – 0.002082000 – 0.002029000 – 0.001969000 – 0.001950000 – 0.001954000 — 47.353688315741 – 47.023037968617
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –