BOME/USDT – 1H – BUYAdditionally a ‘Falling Wedge Chart Pattern’ chart pattern is detected. The chart picture shows ‘Falling Wedge Chart Pattern’. which is a bullish signal. The currency pair is likely to go up.
The pair BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline up.
A bullish movement up to the next resistance line at 0.001715000 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 0.001483000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Tweezers Bottom’ candle pattern is detected. The chart forms ‘Tweezers Bottom’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Bottom’ going up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002074000 |
| 2nd High | 0.002063000 |
| Next High | 0.001715000 |
| Current Price | 0.001559000 |
| Next Low | 0.001483000 |
| 2nd Low | 0.001329000 |
| 3rd Low | 0.001304000 |
0.001715000 – 0.001633000 – 0.001665000 – 0.001483000 – 0.001561000 – 0.001572000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Tweezers Bottom