BOME/USDT – 1H – SELL

The currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the bullish trendline downwards

The bearish trend down to the next support line at 0.00066 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 0.00073 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘%K crosses below %D’ indicator signal is found. The indicator shows ‘%K crosses below %D’. which is often a bearish signal. The currency pair could go down.

Moreover a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.0007186 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 0.00073 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.00071 – 0.00073 – 0.00072 – 0.00066 – 0.00067 – 0.0007 — 68.985027366278 – 62.697085634431 — 100 – 86.409597257926 – 100 – 95.469865752642

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – – –