BOME/USDT – 1H – SELL

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

A descent downwards to the next support level at 0.00076 is expected.

Caution: A possible change in the direction of the resistance zone at 0.00088 is also possible.
Consider stop-loss settings accordingly.

Also there is a ‘%K fall below 80’ indicator signal is existing. The indicator is ‘%K fall below 80’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.0007 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 0.00088 is also possible.
Consider stop-loss settings accordingly.

Also there is a ‘Three Black Crows’ chart pattern is existing. The candles show ‘Three Black Crows’. which is a negative 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 Black Crows’ heading down is 82%.

0.00088 – 0.00054 – 0.0006 – 0.00076 – 0.00052 – 0.00053 — 45.030031488223 – 40.961913448485 — 3.0672720973066 – 0 – 35.755866845998 – 13.155959175982

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Black Crows – – –