BOME/USDT – 1H – SELL
The currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the descending trendline downwards
A continuation of the downward movement down to the next support level at 0.009380000 is certain.
Caution: A possible counter-trend in the direction of resistance at 0.010537000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Bearish Engulfing’ chart pattern is detected. The candles form ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.011250000 |
2nd High | 0.011167000 |
Next High | 0.010537000 |
Current Price | 0.009752000 |
Next Low | 0.009380000 |
2nd Low | 0.009209000 |
3rd Low | 0.008714000 |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bearish Engulfing