BOME/USDT – 4H – BUYThe combination BOOK OF MEME/Tether (BOME/USDT) jumps from the ascending trendline down.
A bearish trend down to the next support at 0.009380000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.011167000 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 0.011211096 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 0.011167000 could happen.
Consider stop-loss settings accordingly.
Next a ‘Bullish Engulfing’ candle chart pattern is existing. The chart shows ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.012595000 |
| 2nd High | 0.011250000 |
| Next High | 0.011167000 |
| Current Price | 0.009936000 |
| Next Low | 0.009380000 |
| 2nd Low | 0.009209000 |
| 3rd Low | 0.006731000 |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bullish Engulfing