BOME/USDT – 4H – BUY

The pair BOOK OF MEME/Tether (BOME/USDT) breaks through the bearish trendline upwards

An ascent upwards to the next resistance level at 0.001714000 is considered certain.

Caution: A possible reversal of the trend in the direction of the support line at 0.001514000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.001714 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.001714000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Bullish Belt Hold’ candle chart pattern is discovered. The candles form ‘Bullish Belt Hold’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

0.001638000 – 0.001714000 – 0.001661000 – 0.001514000 – 0.001468000 – 0.001414000

Trading Signals: FOREX – BOME – BOME/USDT – USDT – Bullish Belt Hold – Rising Wedge Chart Pattern