BOME/USDT – 1H – BUY

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

A continuation of the upward movement up to the next resistance at 0.002034000 is certain.

Caution: A possible trend reversal in the direction of the support zone at 0.001704000 could occur.
Consider stop-loss settings accordingly.

Besides a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bullish chart 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 certain. Target of the current trend is 0.002034 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.002034000 could occur.
Consider stop-loss settings accordingly.

Besides a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. 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).

0.002034000 – 0.001946000 – 0.002018000 – 0.001704000 – 0.001778000 – 0.001694000

Trading Signals: FOREX – BOME – BOME/USDT – USDT – Northern Doji –