Besides a ‘Double top chart pattern’ chart layout is found. The chart picture forms ‘Double top chart pattern’. which is a bearish signal. The currency pair is likely to go down.
The combination BOOK OF MEME/Tether (BOME/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support line at is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.001995000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.
Besides a ‘Three Outside Down’ candle pattern is detected. The candles form ‘Three Outside Down’. this 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 probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002116000 |
| 2nd High | 0.002038000 |
| Next High | 0.001995000 |
| Current Price | 0.001949000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.001995000 – 0.001981000 – 0.001991000 – 0.001949000 – 0.001946000 – 0.001941000 — 43.554785271275 – 41.557726213989
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Outside Down – Double top chart pattern – –