The currency pair BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline up.
An ascending movement upwards to the next resistance at 0.001918000 is expected.
Caution: A possible counter-trend in the direction of the support level at 0.001779000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.001879794 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.001918000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002250000 |
| 2nd High | 0.002194000 |
| Next High | 0.001918000 |
| Current Price | 0.001798000 |
| Next Low | 0.001779000 |
| 2nd Low | 0.001739000 |
| 3rd Low | 0.001691000 |
0.001918000 – 0.002194000 – 0.002250000 – 0.001825000 – 0.002097000 – 0.001779000 — 21.895471431287 – 29.919365518793
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – – Triple top chart pattern – –