There is also a ‘Double bottom retreat down’ chart formation is existing. The chart picture forms ‘Double bottom retreat down’. which is a bearish signal. The currency pair is likely to go down.
The currency pair BOOK OF MEME/Tether (BOME/USDT) jumps from the ascending trendline downwards
The bearish trend down to the next support level at 0.001918000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.001975000 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.
There is also a ‘Three Black Crows’ candlestick pattern is discovered. The candles show ‘Three Black Crows’. 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 success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001995000 |
| 2nd High | 0.001982000 |
| Next High | 0.001975000 |
| Current Price | 0.001958000 |
| Next Low | 0.001918000 |
| 2nd Low | 0.001867000 |
| 3rd Low | 0.001834000 |
0.001964000 – 0.001905000 – 0.001943000 – 0.001918000 – 0.001921000 – 0.001867000 — 61.732764969748 – 57.106647044897
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Black Crows – Double bottom retreat down – –