BOME/USDT – 4H – BUYThe combination BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline up.
An ascent upwards to the next resistance level at 0.001946000 is considered certain.
Caution: A possible change in the direction of the support line at 0.001694000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Northern Doji’ candlestick pattern is discovered. The candles form ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002074000 |
| 2nd High | 0.002018000 |
| Next High | 0.001946000 |
| Current Price | 0.001969000 |
| Next Low | 0.001694000 |
| 2nd Low | 0.001514000 |
| 3rd Low | 0.001468000 |
0.001946000 – 0.002018000 – 0.001638000 – 0.001694000 – 0.001514000 – 0.001468000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Northern Doji – Double bottom chart pattern