BOME/USDT – 1H – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the descending trendline down.
A continuation of the downtrend down to the next support level at is certain.
Caution: A possible change in the direction of the resistance level at 0.00059 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The pair is likely to go down.
Also there is a ‘Bearish Belt Hold’ candlestick chart pattern is discovered. The candles form ‘Bearish Belt Hold’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00062 |
| 2nd High | 0.0006 |
| Next High | 0.00059 |
| Current Price | 0.000567000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.00059 – 0.0006 – 0.00062 – 0.00056 – 0.00058 – 0.00058 —
0.000572000 – 0.000576000 —
38.723056657792 – 51.977626069213 —
– —
0.00059 – 1769464800
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bearish Belt Hold – – –