BOME/USDT – 1H – BUYThe currency pair breaks through the descending trendline up.
The bullish trend upwards to the next resistance at 0.008427000 is certain.
Caution: A possible counter-trend in the direction of the support line at 0.006731000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three White Soldiers’ chart pattern is found. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.009473000 |
| 2nd High | 0.009180000 |
| Next High | 0.008427000 |
| Current Price | 0.008560000 |
| Next Low | 0.006731000 |
| 2nd Low | 0.005957000 |
| 3rd Low | 0.005677000 |