BOME/USDT – 1H – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.
The pair BOOK OF MEME/Tether (BOME/USDT) goes from the bullish trendline downwards
The bearish trend down to the next support level at 0.00071 is expected.
Caution: A possible trend reversal in the direction of resistance at 0.00077 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three Outside Down’ candle pattern is existing. The candles form ‘Three Outside Down’. which is a negative pattern signal. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00085 |
| 2nd High | 0.00083 |
| Next High | 0.00077 |
| Current Price | 0.000750000 |
| Next Low | 0.00071 |
| 2nd Low | 0.00067 |
| 3rd Low | 0.00065 |
0.00077 – 0.00076 – 0.00075 – 0.00071 – 0.00071 – 0.00067 — 54.130103488912 – 51.720184893638 — 26.307150600821 – 18.496645844802 – 26.943350853357 – 22.999310796303
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –