The currency pair BOOK OF MEME/Tether (BOME/USDT) jumps from the ascending trendline downwards
A descent down to the next support line at 0.00037 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.00088 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Two Crows’ candlestick chart pattern is existing. The chart shows ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001 |
| 2nd High | 0.00099 |
| Next High | 0.00088 |
| Current Price | 0.000572000 |
| Next Low | 0.00037 |
| 2nd Low | 0.00036 |
| 3rd Low | 0.00035 |
0.00063 – 0.00046 – 0.00041 – 0.00037 – 0.00036 – 0.00036 —
0.000545000 – 0.000807000 —
54.719628595709 – 84.157557326036 —
– —
0.00063 – 1776355200
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –