BOME vs PEPE - price prediction
Currently, the situation on BOME looks very similar to what PEPE did in the past before the price rally began.
What BOME needs to do if it were to mimic its older counterpart, PEPE:
Drop to the range of the upward correction (levels 191 and 200 on the Fibonacci scale).
Rise from the 191/200 level and break the downward trend.
Break the global correction that is driving the decline (close a candle above 200 on the Fibonacci scale).
If all the previous points are met, there is a good chance that the price will reach the 261.8 level on the Fibonacci scale (measuring the largest downward swing) - 0.064 cents.
What BOME needs to do if it were to mimic its older counterpart, PEPE:
Drop to the range of the upward correction (levels 191 and 200 on the Fibonacci scale).
Rise from the 191/200 level and break the downward trend.
Break the global correction that is driving the decline (close a candle above 200 on the Fibonacci scale).
If all the previous points are met, there is a good chance that the price will reach the 261.8 level on the Fibonacci scale (measuring the largest downward swing) - 0.064 cents.
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