BOME/USDT – 1H – BUYThe currency pair moves from the ascending trendline downwards
The bearish trend down to the next support line at 0.008714000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.010280000 is also possible.
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 trend reversal in the direction of the resistance zone at 0.010280000 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Three White Soldiers’ candlestick pattern is detected. The chart shows ‘Three White Soldiers’. 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 success rate of a ‘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 |