BOME/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support at 0.00058 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.0006 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Matching Low’ candlestick chart pattern is detected. The chart forms ‘Matching Low’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.0006 – 0.00062 – 0.00061 – 0.00058 – 0.00058 – 0.00057 —
0.000596000 – 0.000591000 —
48.436938546153 – 46.000691802894 —
– —
0.00060 – 1769234400

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Matching Low – – –