BOME/USDT – 1H – BUYThe currency pair breaks through the ascending trendline upwards
A continuation of the bullish trend up to the next resistance line at 0.009473000 will continue.
Caution: A possible change in the direction of the support zone at 0.008311000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.008835 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance line at 0.009473000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three White Soldiers’ candle pattern is discovered. The chart forms ‘Three White Soldiers’. which is a positive 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 | 0.011350000 |
| 2nd High | 0.010280000 |
| Next High | 0.009473000 |
| Current Price | 0.009221000 |
| Next Low | 0.008311000 |
| 2nd Low | 0.006731000 |
| 3rd Low | 0.005957000 |