BOME/USDT – 1H – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the ascending trendline downwards
A bearish descent down to the next support at 0.00048 will persist.
Caution: A possible change in the direction of resistance at 0.000899000 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
Furthermore a ‘Bearish Engulfing’ candlestick pattern is existing. The chart shows ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.000899000 |
| Current Price | 0.000567000 |
| Next Low | 0.00048 |
| 2nd Low | 0.00041 |
| 3rd Low | 0.00037 |
0.000899000 – 0.00055 – 0.00057 – 0.00048 – 0.00052 – 0.00052 —
0.000899000 – 0.000573000 —
53.920088824242 – 50.021492476541 —
0.000899000 – 1776614400 —
– 1776614400
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bearish Engulfing – – –