BOME/USDT – 1H – SELLThe pair BOOK OF MEME/Tether (BOME/USDT) moves from the descending trendline downwards
A continuation of the downtrend down to the next support at 0.00075 will persist.
Caution: A possible change in the direction of resistance at 0.000809000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Last Engulfing Top’ candle chart pattern is existing. The candles form ‘Last Engulfing Top’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00085 |
| 2nd High | 0.00082 |
| Next High | 0.000809000 |
| Current Price | 0.000787000 |
| Next Low | 0.00075 |
| 2nd Low | 0.00037 |
| 3rd Low |
0.000809000 – 0.00082 – 0.00085 – 0.00075 – 0.00076 – 0.0008 — 53.29111710405 – 49.919366538252 — 67.763561205363 – 60.400025858616 – 75.985295472824 – 68.499002093543
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Last Engulfing Top – – –