BOME/USDT – 1H – SELLThe pair BOOK OF MEME/Tether (BOME/USDT) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support at 0.00062 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 0.00083 could happen.
Consider stop-loss settings accordingly.
Next a ‘Matching Low’ candle pattern is detected. The chart shows ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00092 |
| 2nd High | 0.00085 |
| Next High | 0.00083 |
| Current Price | 0.000665000 |
| Next Low | 0.00062 |
| 2nd Low | 0.00037 |
| 3rd Low |
0.00083 – 0.0008 – 0.00082 – 0.00062 – 0.00072 – 0.00077 — 43.190373365628 – 43.190373365628 — 62.574876184962 – 63.599617799689 – 56.156732573975 – 63.399476769054
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Matching Low – – –