BOME/USDT – 1H – BUYThe combination moves from the bullish trendline downwards
A descent downwards to the next support line at 0.008714000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.010280000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.00991 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.010280000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three White Soldiers’ candlestick chart pattern is existing. The chart forms ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to rise. 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 | |
| 2nd High | 0.011350000 |
| Next High | 0.010280000 |
| Current Price | 0.010079000 |
| Next Low | 0.008714000 |
| 2nd Low | 0.008311000 |
| 3rd Low | 0.006731000 |