BOME/USDT – 4H – BUYThe pair BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline upwards
A bullish movement up to the next resistance at 0.001714000 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 0.001414000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002074000 |
| 2nd High | 0.001715000 |
| Next High | 0.001714000 |
| Current Price | 0.001526000 |
| Next Low | 0.001414000 |
| 2nd Low | 0.001370000 |
| 3rd Low | 0.001226000 |
0.001714000 – 0.001661000 – 0.001537000 – 0.001414000 – 0.001370000 – 0.001226000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Northern Doji –