The pair BOOK OF MEME/Tether (BOME/USDT) jumps from the ascending trendline down.
A bearish descent down to the next support line at 0.001993000 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.002060000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Two Crows’ candle pattern is discovered. The chart forms ‘Two Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002490000 |
| 2nd High | 0.002116000 |
| Next High | 0.002060000 |
| Current Price | 0.002057000 |
| Next Low | 0.001993000 |
| 2nd Low | 0.001991000 |
| 3rd Low | 0.001926000 |
0.002060000 – 0.002060000 – 0.001983000 – 0.001993000 – 0.001991000 – 0.001926000 — 66.022439832331 – 60.699080062407
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Two Crows – Double bottom retreat down – –