BOME/USDT – 1H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

The currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the ascending trendline down.

A bearish movement downwards to the next support level at 0.002201000 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 0.002490000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.002490000 – 0.002473000 – 0.002355000 – 0.002201000 – 0.002078000 – 0.001704000

Trading Signals: FOREX – BOME – BOME/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern