BOME/USDT – 30M – BUYThe currency pair BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline up.
An ascending movement upwards to the next resistance at 0.00073 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at 0.00066 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Bullish Engulfing’ candle chart pattern is discovered. The chart forms ‘Bullish Engulfing’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00075 |
| 2nd High | 0.00074 |
| Next High | 0.00073 |
| Current Price | 0.000728000 |
| Next Low | 0.00066 |
| 2nd Low | 0.00064 |
| 3rd Low | 0.00062 |
0.00071 – 0.00073 – 0.00072 – 0.00066 – 0.00066 – 0.00067 — 60.314603588312 – 66.595502019725 — 25.879835555482 – 33.262873111736 – 36.731668280138 – 35.536992525279
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bullish Engulfing – Double bottom retreat down – –