BOME/USDT – 30M – BUYThe currency pair BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline upwards
An ascent up to the next resistance line at 0.001580000 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 0.001514000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.
And also a ‘Northern Doji’ candle pattern is detected. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001638000 |
| 2nd High | 0.001620000 |
| Next High | 0.001580000 |
| Current Price | 0.001540000 |
| Next Low | 0.001514000 |
| 2nd Low | 0.001488000 |
| 3rd Low | 0.001468000 |
0.001580000 – 0.001620000 – 0.001638000 – 0.001514000 – 0.001529000 – 0.001579000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Northern Doji –