BOME/USDT – 1H – BUYThe pair BOOK OF MEME/Tether (BOME/USDT) moves from the ascending trendline downwards
A descent down to the next support level at is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.007202000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bullish Belt Hold’ chart pattern is found. The chart shows ‘Bullish Belt Hold’. 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 chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.008454000 |
| 2nd High | 0.008282000 |
| Next High | 0.007202000 |
| Current Price | 0.005861000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bullish Belt Hold