BOME/USDT – 1H – SELL

Additionally a ‘Double bottom retreat down’ chart layout is detected. The formation shows ‘Double bottom retreat down’. this is a bearish pattern signal. The currency pair is likely to fall.

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

A bearish descent downwards to the next support level at 0.001944000 will continue.

Caution: A possible trend reversal in the direction of resistance at 0.002082000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.001931 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.002082000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Black Crows’ candlestick chart pattern is found. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

0.002044000 – 0.002082000 – 0.002032000 – 0.001944000 – 0.001950000 – 0.001947000 — 48.401613608888 – 46.353181548695

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Black Crows – Double bottom retreat down – –