Moreover a ‘Symmetrical Triangle Chart Pattern’ chart pattern is detected. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The pair BOOK OF MEME/Tether (BOME/USDT) goes from the bullish trendline down.
A bearish movement down to the next support level at 0.00038 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.0004 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Last Engulfing Bottom:’ candlestick pattern is detected. The candles form ‘Last Engulfing Bottom:’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00043 |
| 2nd High | 0.00041 |
| Next High | 0.0004 |
| Current Price | 0.000381000 |
| Next Low | 0.00038 |
| 2nd Low | 0.00037 |
| 3rd Low | 0.00035 |
0.0004 – 0.00041 – 0.00039 – 0.00038 – 0.00037 – 0.00037 —
0.000382000 – 0.000384000 —
34.284864022342 – 41.187841690099 —
– —
0.0004 – 1772514000
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Last Engulfing Bottom: – Symmetrical Triangle Chart Pattern – –