BOME/USDT – 30M – SELL

The currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the descending trendline downwards

A continuation of the downtrend downwards to the next support at 0.00049 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 0.00052 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart signal. The pair is likely to go up.

And also a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

And also a ‘Bearish Engulfing’ candlestick pattern is found. The chart shows ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

0.00052 – 0.00052 – 0.00054 – 0.00049 – 0.0005 – 0.00052 —
0.000512000 – 0.000510000 —
51.071644308405 – 49.547629327094 —
– —
0.00052 – 1777338000

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bearish Engulfing – – –