The combination BOOK OF MEME/Tether (BOME/USDT) jumps from the descending trendline up.
A bullish movement up to the next resistance level at 0.006922000 will persist.
Caution: A possible counter-trend in the direction of the support zone at 0.005453000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three Outside Up’ chart pattern is discovered. The candles show ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.008282000 |
2nd High | 0.007202000 |
Next High | 0.006922000 |
Current Price | 0.005647000 |
Next Low | 0.005453000 |
2nd Low | |
3rd Low |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Outside Up