BOME/USDT – 30M – BUY

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

A continuation of the upward movement up to the next resistance at 0.002400000 is certain.

Caution: A possible reversal of the trend in the direction of support at 0.001717000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Current target is 0.002034 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.002400000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.002034000 – 0.001767000 – 0.001946000 – 0.001717000 – 0.001704000 – 0.001840000

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