BOME/USDT – 1H – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 0.001834000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.001975000 could happen.
Consider stop-loss settings accordingly.
And also a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.
And also a ‘Collapsing Doji Star’ candlestick pattern is existing. The candles show ‘Collapsing Doji Star’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002116000 |
| 2nd High | 0.001995000 |
| Next High | 0.001975000 |
| Current Price | 0.001886000 |
| Next Low | 0.001834000 |
| 2nd Low | 0.001813000 |
| 3rd Low | 0.001761000 |
0.001975000 – 0.001969000 – 0.001949000 – 0.001834000 – 0.001904000 – 0.001813000 — 69.834408679723 – 47.37842669747
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Collapsing Doji Star – – –