The currency pair BOOK OF MEME/Tether (BOME/USDT) jumps from the bearish trendline up.
A bullish ascent upwards to the next resistance level at 0.001669000 will continue.
Caution: A possible trend reversal in the direction of the support zone at 0.001486000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Northern Doji’ candlestick chart pattern is detected. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001715000 |
| 2nd High | 0.001714000 |
| Next High | 0.001669000 |
| Current Price | 0.001531000 |
| Next Low | 0.001486000 |
| 2nd Low | 0.001414000 |
| 3rd Low | 0.001370000 |
0.001669000 – 0.001714000 – 0.001690000 – 0.001486000 – 0.001545000 – 0.001583000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Northern Doji –