The combination BOOK OF MEME/Tether (BOME/USDT) breaks through the bearish trendline up.
An ascent upwards to the next resistance level at 0.001815000 will persist.
Caution: A possible trend reversal in the direction of the support level at 0.001703000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Bullish Engulfing’ candle chart pattern is detected. The candles form ‘Bullish Engulfing’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001901000 |
| 2nd High | 0.001838000 |
| Next High | 0.001815000 |
| Current Price | 0.001758000 |
| Next Low | 0.001703000 |
| 2nd Low | 0.001699000 |
| 3rd Low | 0.001691000 |
0.001815000 – 0.001838000 – 0.001901000 – 0.001703000 – 0.001699000 – 0.001744000 — 44.239027107707 – 51.822303736083
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bullish Engulfing – – –