BOME/USDT – 1H – BUYThe pair BOOK OF MEME/Tether (BOME/USDT) goes from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance level at 0.002034000 will persist.
Caution: A possible reversal of the trend in the direction of the support zone at 0.001704000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Bullish Belt Hold’ candlestick pattern is existing. The chart shows ‘Bullish Belt Hold’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002074000 |
| 2nd High | 0.002063000 |
| Next High | 0.002034000 |
| Current Price | 0.001997000 |
| 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 – Bullish Belt Hold – Double bottom chart pattern