BOME/USDT – 4H – BUY

The pair BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline up.

The bullish trend upwards to the next resistance line at 0.001714000 will persist.

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

Then a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 0.001714 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 0.001714000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Northern Doji’ candle chart pattern is existing. The chart forms ‘Northern Doji’. 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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.001638000 – 0.001714000 – 0.001661000 – 0.001514000 – 0.001468000 – 0.001414000

Trading Signals: FOREX – BOME – BOME/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern