BOME/USDT – 1H – BUYThe currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the bullish trendline down.
The bearish trend downwards to the next support line at 0.006786000 is likely expected.
Caution: A possible change in the direction of the resistance line at 0.007202000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bullish Engulfing’ candle pattern is existing. The candles show ‘Bullish Engulfing’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.008454000 |
| 2nd High | 0.008282000 |
| Next High | 0.007202000 |
| Current Price | 0.006908000 |
| Next Low | 0.006786000 |
| 2nd Low | 0.006715000 |
| 3rd Low | 0.006520000 |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bullish Engulfing