BOME/USDT – 1H – BUYThe currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance line at 0.002034000 is expected.
Caution: A possible trend reversal in the direction of the support zone at 0.001704000 could happen.
Consider stop-loss settings accordingly.
Next a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The 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 | 0.002074000 |
| 2nd High | 0.002063000 |
| Next High | 0.002034000 |
| Current Price | 0.002002000 |
| 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 – Northern Doji –