BOME/USDT – 4H – BUYThe combination BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline up.
A bullish trend upwards to the next resistance level at 0.001714000 is certain.
Caution: A possible trend reversal in the direction of support at 0.001414000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Northern Doji’ candle pattern is found. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002074000 |
| 2nd High | 0.001715000 |
| Next High | 0.001714000 |
| Current Price | 0.001520000 |
| Next Low | 0.001414000 |
| 2nd Low | 0.001370000 |
| 3rd Low | 0.001226000 |
0.001714000 – 0.001661000 – 0.001537000 – 0.001414000 – 0.001370000 – 0.001226000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Northern Doji –