BOME/USDT – 1H – BUYThe currency pair goes from the bullish trendline down.
A descent down to the next support at 0.008714000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.010280000 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Current target is 0.00991 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 0.010280000 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘Three White Soldiers’ candle chart pattern is detected. The chart shows ‘Three White Soldiers’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going 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 |