BOME/USDT – 4H – BUYThe 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 line at 0.001946000 will persist.
Caution: A possible counter-trend in the direction of the support line at 0.001704000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Bullish Belt Hold’ candlestick chart pattern is existing. The chart shows ‘Bullish Belt Hold’. which is a positive 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 ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002074000 |
| 2nd High | 0.002018000 |
| Next High | 0.001946000 |
| Current Price | 0.002192000 |
| Next Low | 0.001704000 |
| 2nd Low | 0.001694000 |
| 3rd Low | 0.001514000 |
0.001946000 – 0.002018000 – 0.001638000 – 0.001704000 – 0.001694000 – 0.001514000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern