BOME/USDT – 1H – BUYNext a ‘Double bottom chart pattern’ chart formation is existing. The chart picture shows ‘Double bottom chart pattern’. which is a bullish chart scenario. The pair is likely to go up.
The currency pair BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline up.
A bullish movement up to the next resistance at 0.001561000 will persist.
Caution: A possible counter-trend in the direction of the support line at 0.001468000 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair could go up.
Next a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.
Next a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. 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 ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001714000 |
| 2nd High | 0.001669000 |
| Next High | 0.001561000 |
| Current Price | 0.001565000 |
| Next Low | 0.001468000 |
| 2nd Low | 0.001414000 |
| 3rd Low | 0.001370000 |
0.001561000 – 0.001669000 – 0.001714000 – 0.001468000 – 0.001486000 – 0.001583000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Northern Doji – Double bottom chart pattern