BOME/USDT – 4H – BUYThe combination BOOK OF MEME/Tether (BOME/USDT) breaks through the bearish trendline up.
An ascending movement up to the next resistance at 0.001714000 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at 0.001414000 could happen.
Consider stop-loss settings accordingly.
Next a ‘Bullish Belt Hold’ chart pattern is discovered. The chart forms ‘Bullish Belt Hold’. 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 ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002074000 |
| 2nd High | 0.001715000 |
| Next High | 0.001714000 |
| Current Price | 0.001508000 |
| 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 – Bullish Belt Hold –