The pair BOOK OF MEME/Tether (BOME/USDT) jumps from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 0.002499000 will continue.
Caution: A possible counter-trend in the direction of the support line at is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The pair is likely to go up.
In addition a ‘Northern Doji’ candlestick chart pattern is detected. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002818000 |
| 2nd High | 0.002794000 |
| Next High | 0.002499000 |
| Current Price | 0.002363000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.002499000 – 0.002459000 – 0.002370000 – 0.002243000 – 0.002096000 – 0.002201000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Northern Doji –