BOME/USDT – 4H – SELL

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

A continuation of the bearish trend down to the next support level at 0.001761000 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 0.001975000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair could go down.

Moreover a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

Moreover a ‘Two Crows’ candlestick chart pattern is detected. The candles form ‘Two Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.001975000 – 0.001995000 – 0.002116000 – 0.001761000 – 0.001883000 – 0.001931000 — 51.777044113566 – 50.79382890674

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Two Crows – – –