The currency pair BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline upwards
An ascent upwards to the next resistance line at 0.002177000 is expected.
Caution: A possible change in the direction of the support level at 0.002095000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002339000 |
| 2nd High | 0.002266000 |
| Next High | 0.002177000 |
| Current Price | 0.002162000 |
| Next Low | 0.002095000 |
| 2nd Low | 0.001996000 |
| 3rd Low | 0.001979000 |
0.002177000 – 0.002089000 – 0.002032000 – 0.002095000 – 0.001996000 – 0.002000000 — 52.442973278912 – 54.700721119505
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – – –