BOME/USDT – 1H – BUYThe pair BOOK OF MEME/Tether (BOME/USDT) moves from the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 0.006881000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.006063000 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Inverted Hammer’ candle pattern is discovered. The candles form ‘Inverted Hammer’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Inverted Hammer’ going up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.008454000 |
| 2nd High | 0.008282000 |
| Next High | 0.006881000 |
| Current Price | 0.006152000 |
| Next Low | 0.006063000 |
| 2nd Low | 0.006003000 |
| 3rd Low | 0.005971000 |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Inverted Hammer