BOME/USDT – 30M – SELL

The currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the descending trendline down.

A continuation of the downward movement downwards to the next support at 0.00037 is expected.

Caution: A possible change in the direction of the resistance level at 0.0004 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Outside Down’ chart pattern is found. The chart shows ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.0004 – 0.00043 – 0.00039 – 0.00039 – 0.0004 – 0.00037 —
0.000398000 – 0.000388000 —
39.75547386358 – 31.955538719839 —
– —
0.0004 – 1772179200

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Outside Down – – –