The pair BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline upwards
An ascent upwards to the next resistance at 0.00073 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 0.00071 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bullish chart signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.000745 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.00073 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Northern Doji’ candle pattern is detected. The candles show ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00078 |
| 2nd High | 0.00077 |
| Next High | 0.00073 |
| Current Price | 0.000738000 |
| Next Low | 0.00071 |
| 2nd Low | 0.00068 |
| 3rd Low | 0.00067 |
0.00073 – 0.00077 – 0.00078 – 0.00071 – 0.00072 – 0.00074 — 51.043407492515 – 64.227970064908 — 61.278774424512 – 88.088238235235 – 48.255034899302 – 63.909388478897
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – – –