BOME/USDT – 1H – BUY

The combination BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline upwards

An ascent up to the next resistance at 0.001786000 is likely expected.

Caution: A possible change in the direction of the support level at 0.001650000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘StochRSI cross above 20’ indicator signal is existing. The indicator is ‘StochRSI cross above 20’. this is usually a bullish signal. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.001805628 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance line at 0.001786000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.001786000 – 0.001848000 – 0.001824000 – 0.001650000 – 0.001768000 – 0.001651000 — 55.117562162675 – 58.463728950526

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – – –