BOME/USDT – 1H – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the descending trendline down.
A continuation of the downtrend down to the next support line at 0.00052 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.00062 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘MACD crosses below signal’ indicator layout is existing. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart signal. The pair is likely to go down.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.00052 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.00062 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00064 |
| 2nd High | 0.00063 |
| Next High | 0.00062 |
| Current Price | 0.000527000 |
| Next Low | 0.00052 |
| 2nd Low | 0.00037 |
| 3rd Low |
0.00062 – 0.00059 – 0.0006 – 0.00052 – 0.00056 – 0.00056 —
0.000542000 – 0.000556000 —
23.026816063331 – 39.138180505522 —
– —
0.00062 – 1769601600
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Black Crows – Double top chart pattern – –