BOME/USDT – 1H – BUYThe currency pair BOOK OF MEME/Tether (BOME/USDT) jumps from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at 0.002034000 will persist.
Caution: A possible trend reversal in the direction of the support level at 0.001704000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.
Furthermore a ‘Latter Bottom’ candlestick chart pattern is discovered. The chart forms ‘Latter Bottom’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002074000 |
| 2nd High | 0.002063000 |
| Next High | 0.002034000 |
| Current Price | 0.001969000 |
| Next Low | 0.001704000 |
| 2nd Low | 0.001694000 |
| 3rd Low | 0.001514000 |
0.002034000 – 0.001946000 – 0.002018000 – 0.001704000 – 0.001778000 – 0.001694000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Latter Bottom –