BOME/USDT – 1H – SELL

The pair BOOK OF MEME/Tether (BOME/USDT) moves from the bearish trendline downwards

A continuation of the downward movement down to the next support level at 0.001867000 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 0.001969000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Besides a ‘Three Outside Down’ chart pattern is found. The chart shows ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.001969000 – 0.001975000 – 0.001969000 – 0.001867000 – 0.001834000 – 0.001904000 — 55.618204178684 – 49.813672010547

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Outside Down – – –