Then a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.
The combination BOOK OF MEME/Tether (BOME/USDT) goes from the ascending trendline down.
A bearish trend down to the next support at 0.00052 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.00054 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Matching Low’ candlestick pattern is existing. The candles form ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00056 |
| 2nd High | 0.00055 |
| Next High | 0.00054 |
| Current Price | 0.000530000 |
| Next Low | 0.00052 |
| 2nd Low | 0.0005 |
| 3rd Low | 0.00048 |
0.00054 – 0.00052 – 0.00055 – 0.00052 – 0.0005 – 0.00048 —
0.000536000 – 0.000539000 —
63.047321281436 – 56.659239428798 —
– —
0.00054 – 1777564800
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –