BOME/USDT – 1H – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

The pair BOOK OF MEME/Tether (BOME/USDT) jumps from the ascending trendline down.

A descent down to the next support line at 0.00058 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.00064 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 0.00058 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.00064 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

0.00064 – 0.00062 – 0.00062 – 0.00058 – 0.00058 – 0.00058 —
0.000623000 – 0.000619000 —
53.478321201401 – 48.979851144514 —
– —
0.00064 – 1778263200

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –