BOME/USDT – 4H – BUYThe pair BOOK OF MEME/Tether (BOME/USDT) goes from the bearish trendline up.
A bullish trend upwards to the next resistance at 0.001537000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 0.001226000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002074000 |
| 2nd High | 0.001715000 |
| Next High | 0.001537000 |
| Current Price | 0.001425000 |
| Next Low | 0.001226000 |
| 2nd Low | |
| 3rd Low |
0.001537000 – 0.001715000 – 0.002074000 – 0.001226000 – 0.001529000 – 0.001635000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Northern Doji –