BOME/USDT – 4H – BUYThe currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the bullish trendline up.
A continuation of the bullish trend up to the next resistance at 0.002200000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 0.001989000 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Hammer’ candlestick pattern is existing. The chart shows ‘Hammer’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002551000 |
| 2nd High | 0.002339000 |
| Next High | 0.002200000 |
| Current Price | 0.002018000 |
| Next Low | 0.001989000 |
| 2nd Low | 0.001933000 |
| 3rd Low | 0.001834000 |
0.002200000 – 0.002339000 – 0.002101000 – 0.001989000 – 0.001933000 – 0.001834000 — 42.942235235081 – 44.386187215918
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Hammer – Double top retreat up – –